EURUSD Forex Analysis for Today, Thursday(01-02-2024)
Prepare to SELL EURUSD, Monitor Break of Support
Daily EURUSD Analysis
Dollar Rebounds Due to Powell’s Statement
The dollar strengthens again following statements from Fed Chair, Jerome Powell, further reducing the likelihood of a rate cut in March.
Spike Detected, Supported at Support
A spike is observed on the H1 time frame. The price is supported at the support level. The selling opportunity will increase further if the support is breached.
Prediction: WEAK EURUSD
Resistance
- R1 1.08261
- R2 1.07904
- R3 1.08402
- R4 1.08586
Support
- S1 1.07904
- S2 1.08261
- S3 1.07785
- S4 1.07566
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