EURUSD Forex Analysis for Today, Tuesday(09-07-2024)
Check SELL Opportunity for EURUSD: Potential Bearish Wedge
EURUSD Analysis
French Cabinet Divided
Market participants are beginning to digest the condition of the divided French parliament, indicating a possible deadlock in political negotiations.
Potential Bearish Wedge
There is potential for a bearish falling wedge pattern to form on the H1 time frame. Prices are likely to continue falling if this pattern is confirmed and breaks below support.
Prediction: WEAK EURUSD
Resistance
- R1 1.08500
- R2 1.08000
- R3 1.07500
- R4 1.07000
Support
- S1 1.08520
- S2 1.07511
- S3 1.07000
- S4 1.06542
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