EURUSD Forex Analysis for Today, Tuesday (06-02-2024)
EURUSD Still Potentially SELL, Still Under Pressure
Daily EURUSD Analysis
Market Expects Interest Rates Not to Be Cut Too Much
The dollar strengthened last night after improved ISM non-manufacturing PMI data led the market to expect that the Fed would not cut interest rates too much this year.
Consolidation in the Support Area
Prices are still under pressure and consolidating in the support area. A breakthrough of support will increase the chances of a sell.
Prediction: WEAK EURUSD
Resistance
- R1 1.07615
- R2 1.07158
- R3 1.07955
- R4 1.07796
Support
- S1 1.07158
- S2 1.07615
- S3 1.06970
- S4 1.06677
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