EURUSD Forex Analysis for Today, Thursday (18-01-2024)
Selling Opportunity for EURUSD! Still Stalled at RESISTANCE
Daily Analysis EURUSD
US Retail Sales Data Still Pressuring Euro
The strengthening USD due to improved US retail sales data continues to pressure the euro. The strength of this data raises hopes that the Fed will not cut interest rates in the near future.
Still Stalled at Resistance
EURUSD is still stalled in the resistance area. Selling opportunities can still be explored as long as there is no valid breakthrough above the resistance area.
Conclusion: WEAK EURUSD
Resistance
- R1 1.09000
- R2 1.08800
- R3 1.09100
- R4 1.09200
Support
- S1 1.08805
- S2 1.09000
- S3 1.08600
- S4 1.08500
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