EURUSD Forex Analysis for Today, Monday (22-07-2024)
Potential SELL EURUSD If Support Breaks
Analysis EURUSD
ECB Likely to Cut Rates in September
Although ECB President Christine Lagarde did not give a definite answer regarding rate cuts, 65 percent of market participants believe the ECB will cut rates in September due to Lagarde’s signal of disinflation in the Eurozone.
Wait for Support Break
The price is still under pressure, but to confirm the sell opportunity, a support area break is needed.
Prediction: WEAK EURUSD
Resistance
- R1 1.09000
- R2 1.08500
- R3 1.08500
- R4 1.08800
Support
- S1 1.09041
- S2 1.08402
- S3 1.08136
- S4 1.07838
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