EURUSD Currency Pair Analysis for Today
Find below the analysis for EURUSD currency pair for today, Tuesday(19-03-2024).
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Selling Opportunity for EURUSD: Confirmed Presence of Bearish Flag!
Daily Analysis for EURUSD
ECB Discussing Interest Rate Reduction
ECB policymakers hinted at progress in easing inflation and began discussions on interest rate cuts.
Bearish Flag Detected
There is a chance of bearish continuation as confirmed by the presence of a bearish flag on the h1 time frame. Confirmation for a sell signal can be sought as long as it does not breach the resistance area.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.09240
- R2 1.08612
- R3 1.09502
- R4 1.09796
Support Levels
- S1 1.08612
- S2 1.09240
- S3 1.08370
- S4 1.07962
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