EURUSD Forex Analysis for Today, Thursday (15-08-2024)
Review BUY Opportunity in EURUSD: Pullback to BoS Area!
EURUSD Analysis
Eurozone GDP Matches Expectations
The Eurozone GDP data for Q2 YoY increased as expected to 0.6% from 0.3%, while the QoQ GDP remained steady at 0.3%.
Correction to BoS Area
A correction occurred to the support area indicating a Break of Structure (BoS). A buy signal confirmation can be sought in this support area.
Forecast: STRONG EURUSD
Resistance Levels:
- R1: 1.09779
- R2: 1.10206
- R3: 1.10400
- R4: 1.10602
Support Levels:
- S1: 1.09200
- S2: 1.09400
- S3: 1.09600
- S4: 1.09800
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