EURUSD Forex Analysis for Today, Tuesday (02-07-2024)

EURUSD Forex Analysis for Today, Tuesday (02-07-2024)

EURUSD Forex Analysis for Today, Tuesday (02-07-2024)

BUY Opportunity for EURUSD: Gap Closed, Moving Above Trendline

Analysis EURUSD

Euro Remains Strong

The euro continues to strengthen following the narrow victory of the right-wing party in the French elections, meaning future political and economic direction will depend on lobbying among political elites before the second round of elections next weekend.

Gap Area Closed

The gap up area has closed, which is usually followed by a rebound. An ascending trendline is also visible on the M30 time frame. Buying opportunities can be considered in this trendline area.

Prediction: Strong EURUSD


  • R1 1.06832
  • R2 1.07400
  • R3 1.07600
  • R4 1.07800


  • S1 1.06832
  • S2 1.07000
  • S3 1.07125
  • S4 1.07200

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