EURUSD Forex Analysis for Today, Thursday (20-06-2024)
Potential Bearish Flag EURUSD: SELL Opportunity
EURUSD Analysis
Euro Still Hampered by Political Conditions
The euro remains under pressure due to political conditions in France, keeping EURUSD from strengthening significantly despite US retail sales data falling short of expectations.
Potential Bearish Flag
Prices are testing the resistance area on the H1 time frame. Selling opportunities can be taken if the bearish flag pattern is confirmed, indicated by a break below the support.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.08500
- R2 1.07936
- R3 1.07476
- R4 1.07239
Support Levels
- S1 1.07239
- S2 1.07936
- S3 1.06987
- S4 1.06676
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