EURUSD Forex Analysis for Today, Friday(12-07-2024)
Check BUY Opportunity for EURUSD: Monitor Trendline Area
EURUSD Analysis
US CPI Data Slows Down
The US CPI data, one of the inflation indicators monitored by the Fed, has slowed down, further strengthening the market’s belief that the Fed will start a rate-cutting cycle this year in September.
Monitor Trendline Area
The price is moving above the trendline area visible on the M30 time frame. Buying opportunities can be sought in the trendline area.
Prediction: STRONG EURUSD
Resistance
- R1 1.08434
- R2 1.08764
- R3 1.08928
- R4 1.09096
Support
- S1 1.08200
- S2 1.08400
- S3 1.08600
- S4 1.08800
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