EURUSD Forex Analysis for Today, Tuesday (18-06-2024)
EURUSD Held at Resistance, Still Looking for SELL Signal
EURUSD Analysis
Euro Still Affected by Political Conditions
The euro’s strength is still hampered by political conditions, while the market is also awaiting US retail sales data, which is expected to improve.
Sell in the Resistance Area
Prices are testing the resistance area on the H1 time frame. Selling opportunities can be taken if there is a confirmation of a sell signal in the resistance area.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.07586
- R2 1.07166
- R3 1.07802
- R4 1.07999
Support Levels
- S1 1.07171
- S2 1.07586
- S3 1.06987
- S4 1.06686
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