EURUSD Forex Analysis for Today, Thursday (13-06-2024)

EURUSD Forex Analysis for Today, Thursday (13-06-2024)

EURUSD Forex Analysis for Today, Thursday (13-06-2024)

EURUSD Hindered by Resistance, Look for SELL If Support Breaks

EURUSD Analysis

Expectation of Fed Interest Rate Cut Only Once

USD rebounded after the Fed estimated they would only cut interest rates once this year, thus hindering the strengthening of EURUSD. The market awaits European industry data today with an estimated decline to 0.2 percent from 0.6 percent.

Sell If Support Breaks

Prices are moving lower again. Selling opportunities can be taken if there is a breakthrough below the support area.

Prediction: WEAK EURUSD

Resistance Levels

  • R1 1.08669
  • R2 1.08224
  • R3 1.08829
  • R4 1.09019

Support Levels

  • S1 1.07778
  • S2 1.08224
  • S3 1.07479
  • S4 1.07185

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