EURUSD forex analysis for today, Monday(13-05-2024)

EURUSD forex analysis for today, Monday(13-05-2024)

Get Ready to SELL EURUSD! Price Still Testing Resistance

Analysis EURUSD

USD Strength Still Overshadowing Euro

The market is still awaiting a series of economic data releases from the United States this week. CPI data will be the focus, to be announced on Wednesday, expected to rise by 3.4% YoY.

Price Still Testing Trendline Area

Prices are still testing the trendline and resistance area. Selling opportunities can be sought in that trendline and resistance area.

Prediction: WEAK EURUSD


  • R1 1.08342
  • R2 1.07905
  • R3 1.08569
  • R4 1.08809


  • S1 1.07905
  • S2 1.08342
  • S3 1.07694
  • S4 1.07502

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