EURUSD Forex Analysis for Today, Friday (26-01-2024)






EURUSD Forex Analysis for Today, Friday (26-01-2024)

BUY EURUSD: Identifying Double Bottom at Support!

Daily Analysis of EURUSD

USD Strengthens by 0.2% Overnight

The US Dollar rose on Thursday after data showed faster-than-expected economic growth. The dollar index, measuring the dollar’s value against six other major currencies, strengthened by 0.2% overnight.

Double Bottom at Support Level

Prices have declined again and held within the support area. Opportunities to BUY from this pattern can be maximized as long as prices do not break 1.08000.

Conclusion: STRONG EURUSD

Resistance

  • R1: 1.08105
  • R2: 1.08000
  • R3: 1.08640
  • R4: 1.09280

Support

  • S1: 1.08000
  • S2: 1.08305
  • S3: 1.07710
  • S4: 1.07525


JustMarkets

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