EURUSD Forex Analysis for Today, Thursday (22-02-2024)

EURUSD Forex Analysis for Today, Thursday (22-02-2024)

EURUSD Forex Analysis for Today, Thursday (22-02-2024)

EURUSD Still Held by Resistance, Monitor for SELL Opportunities

Daily EURUSD Analysis

Market Confident in Fed Rate Cut Starting June

Market participants are confident that the Federal Reserve will only start cutting interest rates from June this year. From the FOMC minutes, it is evident that the interest rate hike cycle ended in January.

Held by Resistance Area

Sell opportunities can still be sought as the price is still held by the resistance area, even though the price has moved above the downtrend line. If the price falls below the trendline again, the chances of selling will increase.

Prediction: WEAK EURUSD


  • R1 1.08462
  • R2 1.08218
  • R3 1.08749
  • R4 1.09134


  • S1 1.08218
  • S2 1.08462
  • S3 1.08007
  • S4 1.07802

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *