EURUSD Forex Analysis for Today, Monday(08-04-2024)
Monitor Opportunities to Sell EURUSD! Potential for Bearish Continuation
Daily Analysis EURUSD
US Economy Continues to Grow
The increased NFP data in March indicates the strength of the labor market driving the US economy.
Potential for Bearish Continuation
The current movement of EURUSD potentially indicates bearish continuation on the H4 time frame. Look for confirmation of sell signals as long as prices do not break through the resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.08983
- R2 1.08578
- R3 1.09194
- R4 1.09405
Support
- S1 1.08578
- S2 1.08983
- S3 1.08332
- S4 1.08098
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