EURUSD Forex Analysis for Today, Friday (06-09-2024)
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EURUSD Still Has BUY Potential After Down Trendline Break
EURUSD Analysis
The market is awaiting the US non-farm payrolls (NFP) data. The USD weakened again ahead of the NFP announcement. Last night, the ADP non-farm payrolls data for the private sector came in lower than the previous month’s data.
Down Trendline Break
The price broke above the down trendline on the H1 timeframe, turning the intraday bias bullish for today. A Change of Character (ChOCh) is also visible. A buy signal confirmation can be sought if a pullback occurs to the ChOCh area.
Prediction: STRONG EURUSD
Resistance Levels
- R1: 1.10334
- R2: 1.11108
- R3: 1.11461
- R4: 1.11829
Support Levels
- S1: 1.10000
- S2: 1.10200
- S3: 1.10400
- S4: 1.10600
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