EURUSD Forex Analysis for Today, Wednesday (05-06-2024)
EURUSD Remains Above Trendline, Look for BUY
Analysis of EURUSD
Job Openings Data Hampers USD Strength
EURUSD rebounded as US job openings data showed a decline, which hindered the strengthening of the USD.
Buy in Trendline Area
Prices are still moving above the ascending trendline visible on the H1 time frame. Buying opportunities can be sought if there is a correction to this trendline area.
Forecast: STRONG EURUSD
Resistance Levels
- R1 1.08669
- R2 1.08502
- R3 1.08793
- R4 1.08886
Support Levels
- S1 1.08502
- S2 1.08891
- S3 1.08398
- S4 1.08164
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