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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