EURUSD Forex Analysis for Today, Tuesday (09-01-2024)

EURUSD Forex Analysis for Today, Tuesday (09-01-2024)

EURUSD Forex Analysis for Today, Tuesday (09-01-2024)

Explore for more details.

EURUSD Ready to Sell Again! Bearish Pattern Detected

EURUSD Analysis – A bearish engulfing pattern emerged in the resistance area. The subsequent movement potentially indicates a bearish trend, but remain cautious of possible pullbacks towards the resistance area.

Today’s Trading Strategy:

  • SELL in the range of 1.09600-1.09900
  • Target: 1.09300-1.09000


  • Place a BUY STOP @1.10000
  • Target: 1.10200-1.10400

Resistance Levels:

  • R1: 1.10000
  • R2: 1.10200
  • R3: 1.10400

Support Levels:

  • S1: 1.09600
  • S2: 1.09900
  • S3: 1.09300
  • S4: 1.09000

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *