EURUSD Forex Analysis for Today, Friday(19-04-2024)
Check Selling Opportunities for EURUSD Now! Prices Testing Support
Daily Analysis of EURUSD
ECB More Confident in Cutting Rates
European Central Bank officials have issued many statements pointing towards a rate cut in the near future, at least in June. This has pressured the euro, coupled with the strengthening of the USD as a safe haven currency following Israel’s retaliation against Iran.
Prices Under Pressure, Monitor Support
Prices are under pressure and seen testing the support area. A break below support will open up selling opportunities.
Prediction: WEAK EURUSD
Resistance
- R1 1.06187
- R2 1.05964
- R3 1.06291
- R4 1.06394
Support
- S1 1.05964
- S2 1.06187
- S3 1.05846
- S4 1.05728
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