EURUSD Forex Analysis – Friday (19-07-2024)






EURUSD Forex Analysis – Friday (19-07-2024)

EURUSD Forex Analysis for Today, Friday (19-07-2024)

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SELL Opportunity for EURUSD: Trendline Break

Analysis EURUSD

Euro Plummets Post-ECB Announcement

The euro weakened after the European Central Bank (ECB) announced they would maintain interest rates and did not provide further guidance on their next monetary policy steps.

Trendline Break

The trendline visible on the H1 time frame has been broken, but to confirm a sell opportunity, a support area break confirmation is needed.

Prediction: WEAK EURUSD

Resistance

  • R1 1.09500
  • R2 1.09000
  • R3 1.08500
  • R4 1.08000

Support

  • S1 1.09092
  • S2 1.08341
  • S3 1.08020
  • S4 1.07705


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