EURUSD Forex Analysis for Today, Tuesday(30-01-2024)
Source: www.bigrebate-fx.com
Euro Pressured, Prepare to Find SELL Position
Daily Analysis EURUSD
Dollar Pressured, Market Awaits Fed
The US Dollar corrected at the end of the US session. Market participants are still awaiting the Fed’s interest rate decision and US Non-farm Payrolls.
Downward Trendline Still Visible
EURUSD still appears to be moving below the downward trendline. Pullbacks occur near the resistance area and trendline on the H1 timeframe. Selling opportunities can be sought at that resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.08825
- R2 1.08450
- R3 1.09000
- R4 1.09200
Support
- S1 1.08450
- S2 1.08825
- S3 1.08330
- S4 1.08150
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