EURUSD Forex Analysis for Today, Friday (19-01-2024)
Wow! Potential DOUBLE BOTTOM on EURUSD, Get Ready to BUY!
Daily Analysis EURUSD
ECB Official: No Interest Rate Cut Until June
The Euro strengthened after an ECB official, Klaas Knot, indicated that the ECB would not cut interest rates until June 2024.
Potential Double Bottom
EURUSD is still held at the resistance area, but there is potential for a double bottom pattern on the H1 time frame. The buying opportunity will increase if the resistance is breached.
Conclusion: STRONG EURUSD
Resistance
- R1 1.08850
- R2 1.08600
- R3 1.08950
- R4 1.09050
Support
- S1 1.08600
- S2 1.08850
- S3 1.08500
- S4 1.08450
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