EURUSD Forex Analysis for Today, Tuesday (16-07-2024)
BUY Opportunity for EURUSD: Correction to Trendline Area
Analysis EURUSD
Market Increasingly Confident of Fed Rate Cut
Fed Chairman Jerome Powell indicated that the Fed is open to the possibility of cutting interest rates even if inflation has not yet reached the Fed’s target of 2 percent.
Corrected to Trendline Area
Prices have corrected to the trendline area visible on the H1 time frame. Buying opportunities can be sought in this trendline area.
Forecast: STRONG EURUSD
Resistance
- R1 1.08599
- R2 1.09196
- R3 1.09423
- R4 1.09692
Support
- S1 1.08500
- S2 1.09000
- S3 1.09500
- S4 1.08800
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. XM broker 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