EURUSD Forex Analysis for Today – Thursday, July 25, 2024




EURUSD Forex Analysis for Today – Thursday, July 25, 2024

EURUSD Forex Analysis for Today

EURUSD Still Has SELL Opportunity, Rectangle Pattern Persists

EURUSD Analysis

Market Awaits US GDP Data

The market is still waiting for US GDP data today. The euro has not received much support after yesterday’s PMI data showed that business activity in the euro area is stagnant.

Rectangle Pattern Persists

A SELL opportunity can still be taken if there is a pullback to the lower line area of the rectangle.

Prediction: WEAK EURUSD

Resistance

  • R1: 1.09000
  • R2: 1.08500
  • R3: 1.08000
  • R4: 1.08800

Support

  • S1: 1.09041
  • S2: 1.08402
  • S3: 1.08136
  • S4: 1.07838


JustMarkets

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