EURUSD Forex Analysis for Today, Monday (20-05-2024)

EURUSD Forex Analysis for Today, Monday (20-05-2024)

EURUSD Forex Analysis for Today, Monday (20-05-2024)

Still UPTREND, Buy EURUSD If Resistance Breaks

EURUSD Analysis

Fed Speculation Pressures USD

Market speculation about when the Fed will start cutting interest rates, along with signs of slowing inflation and disappointing US economic data, are pressuring the USD.

Monitor Resistance Area

EURUSD is still moving above the upward trendline on the H4 timeframe. The chances of a buy opportunity will increase if a breakout above resistance occurs.



  • R1 1.09029
  • R2 1.08615
  • R3 1.09269
  • R4 1.09470


  • S1 1.08024
  • S2 1.08374
  • S3 1.07769
  • S4 1.07555

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