EURUSD Forex Analysis for Today, Thursday(04-04-2024)
Get Ready to Check the Opportunity to Buy EURUSD! Potential for Prices to Strengthen Again
Daily Analysis EURUSD
Weakening of the US Dollar
The US Dollar is under strong selling pressure after Powell’s dovish tone. It reaffirms that recent data on increased employment and higher-than-expected inflation did not significantly alter the overall economic policy outlook for this year.
Potential for Prices to Strengthen
The current movement of EURUSD has the potential to strengthen, confirmed to have broken resistance on the H1 timeframe. Look for confirmation of buy signals as long as the price does not penetrate the support area.
Prediction: STRONG EURUSD
Resistance
- R1 1.08181
- R2 1.07591
- R3 1.08446
- R4 1.08779
Support
- S1 1.07591
- S2 1.08181
- S3 1.07253
- S4 1.06932
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