EURUSD Forex Analysis for Today, Monday (26-02-2024)
Get Ready to SELL EURUSD: Potential Head and Shoulders Pattern
Daily EURUSD Analysis
Dollar Corrects
A correction occurs in the USD as market participants take a pause and partly profit from the rally that occurred in the USD.
Potential Head and Shoulders Pattern
There is a potential head and shoulders pattern on the H1 time frame. Confirmation of this pattern will be stronger if there is a breakthrough below the support area, thereby opening up selling opportunities.
Prediction: WEAK EURUSD
Resistance
- R1: 1.08437
- R2: 1.08004
- R3: 1.08563
- R4: 1.08876
Support
- S1: 1.08004
- S2: 1.08437
- S3: 1.07894
- S4: 1.07610
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