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
Resistance
- R1 1.08108
- R2 1.07803
- R3 1.08283
- R4 1.08485
Support
- S1 1.07803
- S2 1.08108
- S3 1.07706
- S4 1.07404
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