EURUSD Forex Analysis for Today, Thursday (30-05-2024)

EURUSD Forex Analysis for Today, Thursday (30-05-2024)

EURUSD Plummets! Prepare to SELL Today

Analysis of EURUSD
German Inflation Data Falls
The euro weakened after a combination of lower German inflation data and a stronger USD following comments from Fed official Neel Kashkari, who indicated expectations of a Fed rate hike and predicted only two rate cuts.

Sell If Support Breaks

The price is under pressure and testing the support area. A break below this support area will increase sell opportunities.


Resistance Levels:

  • R1: 1.08270
  • R2: 1.08089
  • R3: 1.08399
  • R4: 1.08574

Support Levels:

  • S1: 1.07870
  • S2: 1.08089
  • S3: 1.07790
  • S4: 1.07692

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