EURUSD Forex Analysis for Today – Thursday (07-03-2024)

EURUSD Forex Analysis for Today – Thursday (07-03-2024)

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.


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

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

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