EURUSD Forex Analysis for Today, Wednesday (10-01-2024)
EURUSD Opposing! Piercing Line Indicates Buy Opportunity
Daily Analysis of EURUSD
Fundamental Outlook
The market anticipates a slight increase in inflation. French industrial data and Italian retail sales are expected to improve today.
Bullish Piercing Line Pattern Noticed
A bullish piercing line pattern is visible in the EURUSD resistance area, on the H1 time frame. A breakthrough above the resistance will reinforce this pattern.
Conclusion: STRONG EURUSD
Resistance
- R1 1.09400
- R2 1.09100
- R3 1.09500
- R4 1.09600
Support
- S1 1.09100
- S2 1.09400
- S3 1.08800
- S4 1.08700
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