EURUSD Forex Analysis for Today, Friday (14-06-2024)

EURUSD Forex Analysis for Today, Friday (14-06-2024)

EURUSD Forex Analysis for Today, Friday (14-06-2024)

EURUSD: SELL If Support Breaks Again

EURUSD Analysis

USD Remains Strong After Fed Statement

The USD remains strong in response to the Fed’s statement predicting only one rate cut this year. This statement’s impact offsets the weaker US PPI data released last night.

Sell If Support Breaks

The price is testing the support area on the H1 time frame. Selling opportunities can be taken if there is another break below this support area.

Prediction: WEAK EURUSD

Resistance Levels

  • R1 1.08160
  • R2 1.07589
  • R3 1.08378
  • R4 1.08616

Support Levels

  • S1 1.07173
  • S2 1.07589
  • S3 1.06846
  • S4 1.06607

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