EURUSD Forex Analysis for Today, Friday(05-04-2024)
Ready to Check Sell Opportunities for EURUSD! Price Stuck in Resistance Area
Daily Analysis EURUSD
Euro Pressured Against Dollar
Euro is weakening against the dollar. Market sentiment is strongly anticipating a decrease in the interest rates by the European Central Bank (ECB).
Potential Bearish Continuation
The current movement of EURUSD has potential for a bearish continuation on the H4 timeframe. Confirmation of sell signals can be sought as long as the price does not penetrate the resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.08916
- R2 1.08512
- R3 1.09136
- R4 1.09373
Support
- S1 1.08512
- S2 1.08916
- S3 1.08252
- S4 1.08028
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