Check Selling Opportunities in EURUSD Now! Price Tests Trendline and Resistance
Analysis EURUSD
ECB Expected to Cut Rates Next Month
Statements from ECB officials show a dovish stance towards a possible interest rate cut next month, noting that economic growth is still limited despite an increase in the early part of the year.
Price Tests Trendline Area
Prices are testing the trendline and resistance area. Selling opportunities can be sought in that trendline and resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.08342
- R2 1.07905
- R3 1.08569
- R4 1.08809
Support
- S1 1.07905
- S2 1.08342
- S3 1.07694
- S4 1.07502
Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.