EURUSD SELL Opportunity! Potential SYMMETRICAL TRIANGLE Pattern!
EURUSD Analysis
Market Monitoring US NFP
The USD has strengthened to a two-week high against the euro as market expectations for aggressive rate cuts by the Fed this month have diminished. This week, the market’s focus is on a series of data culminating in the US non-farm payrolls report on Friday.
Potential Symmetrical Triangle Pattern
There is a possibility of a symmetrical triangle pattern forming on the H1 time frame. A sell signal can be sought if this pattern is confirmed, indicated by a break below the pattern’s line.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.11600
- R2 1.11400
- R3 1.11200
- R4 1.11000
Support Levels
- S1 1.10840
- S2 1.10281
- S3 1.10024
- S4 1.09745
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