EURUSD Forex Analysis for Today, Tuesday (18-06-2024)

EURUSD Forex Analysis for Today, Tuesday (18-06-2024)

EURUSD Forex Analysis for Today, Tuesday (18-06-2024)

EURUSD Held at Resistance, Still Looking for SELL Signal

EURUSD Analysis

Euro Still Affected by Political Conditions

The euro’s strength is still hampered by political conditions, while the market is also awaiting US retail sales data, which is expected to improve.

Sell in the Resistance Area

Prices are testing the resistance area on the H1 time frame. Selling opportunities can be taken if there is a confirmation of a sell signal in the resistance area.

Prediction: WEAK EURUSD

Resistance Levels

  • R1 1.07586
  • R2 1.07166
  • R3 1.07802
  • R4 1.07999

Support Levels

  • S1 1.07171
  • S2 1.07586
  • S3 1.06987
  • S4 1.06686

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