EURUSD Forex Analysis for Today, Wednesday (12-06-2024)
EURUSD Still Under Pressure, Look for SELL Opportunities
EURUSD Analysis
Market Awaits US Inflation Data and Fed Decision
EURUSD remains stable as the market awaits US inflation data ahead of the Fed’s interest rate announcement. The Fed is expected to maintain the interest rate at 5.5 percent, providing potential for USD strength.
Sell if Support Breaks
Prices are still under pressure. Sell opportunities can be taken if there is a break below the support area.
Forecast: WEAK EURUSD
Resistance Levels
- R1 1.08399
- R2 1.08177
- R3 1.08567
- R4 1.08669
Support Levels
- S1 1.07172
- S2 1.07550
- S3 1.06846
- S4 1.06607
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