EURUSD Forex Analysis for Today, Monday(08-07-2024)

EURUSD Forex Analysis for Today, Monday(08-07-2024)

EURUSD Forex Analysis for Today, Monday(08-07-2024)

Potential BUY EURUSD: Monitor Uptrend Line Area

EURUSD Analysis

June US NFP Lower

June US NFP data was released lower than May, at 206 thousand below May’s figure of 218 thousand. The unemployment rate rose from 4 percent to 4.1 percent. This data increases the likelihood of a Fed rate cut this year, particularly in September.

Monitor Trendline Area

The price is still moving above the trendline seen in the H1 time frame. Buying opportunities can be found in the uptrend line area.



  • R1 1.07895
  • R2 1.08460
  • R3 1.08727
  • R4 1.08968


  • S1 1.07500
  • S2 1.08000
  • S3 1.08500
  • S4 1.07000

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