EURUSD Forex Analysis for Today, Friday (21-06-2024)

EURUSD Forex Analysis for Today, Friday (21-06-2024)

EURUSD Forex Analysis for Today, Friday (21-06-2024)

Check SELL Opportunities for EURUSD: Bearish Flag Confirmed

EURUSD Analysis

Euro Drops Amid USD Strengthening

EURUSD weakened as the dollar index strengthened. Adding pressure on the euro, ECB official Klass Knot hinted at the possibility of another interest rate cut by the ECB before the end of 2024.

Bearish Flag Confirmed

The bearish flag pattern is confirmed, marked by a break below support. Currently, the price is retesting the resistance area. A sell opportunity can be taken if there is a bearish signal confirmation in the resistance area.

Prediction: WEAK EURUSD

Resistance Levels

  • R1 1.08000
  • R2 1.07500
  • R3 1.07379
  • R4 1.07140

Support Levels

  • S1 1.07397
  • S2 1.06890
  • S3 1.06678
  • S4 1.06480

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