EURUSD Forex Analysis for Today
EURUSD Still Has SELL Potential, Monitor Resistance Area
EURUSD Analysis
German Business Experiences Decline
Surveys of German business expectations and the Ifo Business Climate Index for July showed a decline. The eurozone economic recovery seems to be losing momentum, in contrast to the potential “soft landing” of the US economy.
Monitor Resistance Area
Sell opportunities can still be considered if a pullback occurs to the resistance area.
Prediction: WEAK EURUSD
Resistance
- R1: 1.09000
- R2: 1.08800
- R3: 1.08600
- R4: 1.08400
Support
- S1: 1.09041
- S2: 1.08402
- S3: 1.08136
- S4: 1.07838
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast