EURUSD Forex Analysis for Today, Monday (15-01-2024)

EURUSD Forex Analysis for Today, Monday (15-01-2024)

EURUSD Forex Analysis for Today, Monday (15-01-2024)

Potential to Sell EURUSD! There’s a Triangle

Daily Analysis EURUSD

US PPI Data Triggers USD Correction

USD correction occurred after the unexpected weakness in US PPI data for December 2023, raising speculation of Fed interest rate cuts. However, the correction is only temporary.

Potential Ascending Triangle, Price at the Lower Line

EURUSD is held in the lower line area of the potential ascending triangle pattern on the H4 time frame. Selling opportunities will arise if there is a breakthrough in support.

Conclusion: Weak EURUSD


  • R1 1.10000
  • R2 1.09200
  • R3 1.10300
  • R4 1.10600


  • S1 1.09200
  • S2 1.10000
  • S3 1.08800
  • S4 1.08700

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