EURUSD Forex Analysis for Today, Wednesday(31-01-2024)
Get Ready to SELL EURUSD, Bias Still Bearish
Daily Analysis EURUSD
Dollar Sideways, Market Awaits Fed
The dollar is moving mixed ahead of the Fed interest rate announcement, which is expected to hold rates at 5.5%. The market will look for clues from Fed Chair Jerome Powell’s statement on the possibility of rate cuts in March.
Swing Highs Getting Lower
Swing highs on the H1 time frame are seen getting lower. A pullback occurred to the resistance area. Selling opportunities can be sought in that resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.08870
- R2 1.08438
- R3 1.08935
- R4 1.09175
Support
- S1 1.08438
- S2 1.08870
- S3 1.08350
- S4 1.08205
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast