EURUSD Forex Analysis for Today, Thursday (01-08-2024)
CHECK SELL Opportunity for EURUSD: Held by Down Trendline!
EURUSD Analysis
Market Still Monitoring US Data
EURUSD fluctuated near the resistance level after the Fed maintained interest rates as expected by the market. The market is still awaiting developments from the ISM data tonight ahead of the US labor data announcement tomorrow.
Still Below Down Trendline
Prices are still moving below the trendline area visible on the H1 time frame. A pullback has also occurred to the resistance area that previously marked a BoS.
Prediction: WEAK EURUSD
Resistance
- R1 1.08500
- R2 1.08000
- R3 1.07500
- R4 1.07000
Support
- S1 1.08738
- S2 1.07882
- S3 1.07455
- S4 1.07045
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