EURUSD Forex Analysis for Today, Friday (21-06-2024)
Check SELL Opportunities for EURUSD: Bearish Flag Confirmed
EURUSD Analysis
Euro Drops Amid USD Strengthening
EURUSD weakened as the dollar index strengthened. Adding pressure on the euro, ECB official Klass Knot hinted at the possibility of another interest rate cut by the ECB before the end of 2024.
Bearish Flag Confirmed
The bearish flag pattern is confirmed, marked by a break below support. Currently, the price is retesting the resistance area. A sell opportunity can be taken if there is a bearish signal confirmation in the resistance area.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.08000
- R2 1.07500
- R3 1.07379
- R4 1.07140
Support Levels
- S1 1.07397
- S2 1.06890
- S3 1.06678
- S4 1.06480
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