EURUSD Forex Analysis for Today, Tuesday (13-08-2024)
Check SELL Opportunities in EURUSD: Held at Resistance Area
EURUSD Analysis
Market Awaits US PPI Data
The market is anticipating the release of the US PPI data later tonight. Traders will be looking for confirmation that the pace of inflation remains steady.
Held at Resistance Area
The price is held at the trendline area visible on the H1 time frame. This resistance area can be utilized to look for a sell setup.
Forecast: WEAK EURUSD
Resistance Levels:
- R1: 1.09600
- R2: 1.09500
- R3: 1.09400
- R4: 1.09300
Support Levels:
- S1: 1.09587
- S2: 1.09288
- S3: 1.09138
- S4: 1.08998
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