EURUSD Forex Analysis for Today, Monday(19-02-2024)

EURUSD Forex Analysis for Today, Monday(19-02-2024)

EURUSD Stalled at Resistance Again: Still Opportunity to SELL

Daily Analysis EURUSD

Dollar Corrected But Still Stable

The dollar corrected on Friday after briefly strengthening following the announcement of higher-than-expected US PPI data, increasing the likelihood that the Fed will hold interest rates until around mid-2024.

Pullback to Bearish Flag Area

Selling opportunities can still be explored as there is a pullback to the lower line area of the bearish flag, which also coincides with the resistance seen in the H4 time frame.

Prediction: WEAK EURUSD


  • R1 1.08108
  • R2 1.07803
  • R3 1.08283
  • R4 1.08485


  • S1 1.07803
  • S2 1.08108
  • S3 1.07706
  • S4 1.07404

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