EURUSD Forex Analysis for Today, Thursday(11-07-2024)

EURUSD Forex Analysis for Today, Thursday(11-07-2024)

EURUSD Forex Analysis for Today, Thursday(11-07-2024)

Opportunity to BUY EURUSD: Monitor Resistance Area

EURUSD Analysis

Powell’s Comments Not Hawkish

Fed Chair Jerome Powell’s speech still lacked a hawkish tone. Although he reiterated that the Fed still needs stronger evidence to cut rates, a dovish tone was evident, mentioning that inflation is moving down but still above the Fed’s target.

Monitor Resistance Area

Prices are testing the resistance area. The buying opportunity will increase if there is a breakthrough above the resistance area, as it confirms a break of structure (BoS).



  • R1 1.08525
  • R2 1.08767
  • R3 1.09045
  • R4 1.09352


  • S1 1.08000
  • S2 1.08500
  • S3 1.09000
  • S4 1.09500

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