EURUSD Forex Analysis for Today, Thursday (27-06-2024)
Check EURUSD SELL Opportunities, Monitor Resistance Area
EURUSD Analysis
USD Strength Pressures EURUSD
The strengthening of US bond yields followed by the strengthening of the dollar index is pressuring EURUSD. The euro itself has been under pressure amidst political turmoil in France. Adding to the euro’s burden, ECB official Olli Rehn stated that two rate cuts this year seem reasonable.
Monitor Resistance Area
Prices are still seen moving under pressure. SELL opportunities can be considered if there is a pullback to the resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.07500
- R2 1.07188
- R3 1.07000
- R4 1.06945
Support
- S1 1.07188
- S2 1.06710
- S3 1.06490
- S4 1.06241

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