EURUSD Forex Analysis for Today – Thursday (07-03-2024)
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Continue the Rally, EURUSD Still Has BUY Opportunities
Daily EURUSD Analysis
Dollar Under Pressure
USD is under pressure, reaching the lowest point in a month after Fed Chair Jerome Powell stated that the pace of inflation is “uncertain,” and the Fed plans to cut interest rates several times this year.
Rally Persists
The rally continues, and EURUSD is still moving above the uptrend line. Look for buy opportunities if there is a correction to the support area or the uptrend line.
Prediction: STRONG EURUSD
Resistance Levels
- R1: 1.08754
- R2: 1.08369
- R3: 1.08917
- R4: 1.09135
Support Levels
- S1: 1.08369
- S2: 1.08754
- S3: 1.08190
- S4: 1.07843
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