EURUSD Forex Analysis for Today, Thursday (20-06-2024)

EURUSD Forex Analysis for Today, Thursday (20-06-2024)

EURUSD Forex Analysis for Today, Thursday (20-06-2024)

Potential Bearish Flag EURUSD: SELL Opportunity

EURUSD Analysis

Euro Still Hampered by Political Conditions

The euro remains under pressure due to political conditions in France, keeping EURUSD from strengthening significantly despite US retail sales data falling short of expectations.

Potential Bearish Flag

Prices are testing the resistance area on the H1 time frame. Selling opportunities can be taken if the bearish flag pattern is confirmed, indicated by a break below the support.

Prediction: WEAK EURUSD

Resistance Levels

  • R1 1.08500
  • R2 1.07936
  • R3 1.07476
  • R4 1.07239

Support Levels

  • S1 1.07239
  • S2 1.07936
  • S3 1.06987
  • S4 1.06676

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