EURUSD Forex Analysis for Today, Friday(05-07-2024)

EURUSD Forex Analysis for Today, Friday(05-07-2024)

EURUSD Forex Analysis for Today, Friday(05-07-2024)

Potential BUY EURUSD: Ascending Triangle Pattern

EURUSD Analysis

Market Monitors US NFP Schedule

The market is waiting for the release of US non-farm payrolls data tonight, which is expected to be worse than May’s data. If US economic data continues to deteriorate, it will raise expectations that the Fed will cut interest rates in September.

Ascending Triangle Pattern

An ascending triangle continuation pattern is visible on the H1 time frame. Buying opportunities can be sought if there is a correction back to the upper line area of the pattern.



  • R1 1.07972
  • R2 1.08344
  • R3 1.08566
  • R4 1.08795


  • S1 1.07500
  • S2 1.08000
  • S3 1.08500
  • S4 1.07000

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