EURUSD Forex Analysis for Today, Thursday (04-07-2024)

EURUSD Forex Analysis for Today, Thursday (04-07-2024)

EURUSD Forex Analysis for Today, Thursday (04-07-2024)

EURUSD Continues Bullish, Look for Buy Opportunities

Analysis EURUSD

USD Weakens Following US Economic Data

ADP non-farm payrolls and initial jobless claims data were worse than expected, while the services sector index fell to its lowest level in four years.

Break of Structure Confirmed

The price appears to be moving above the upward trendline area visible on the H1 time frame. Break of Structure (BoS) has been confirmed. Buy opportunities can be sought in the BoS area or around the trendline.

Prediction: Strong EURUSD


  • R1 1.07040
  • R2 1.08160
  • R3 1.08880
  • R4 1.09415


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

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