EURUSD Forex Analysis for Today, Tuesday (23-01-2024)
WEDGE Pattern: EURUSD Has Selling Opportunity!
ECB vs Fed Still Pressuring Euro
The Euro is still under pressure due to expectations of a delayed interest rate cut by the Fed, although the ECB implicitly signals that they are not ready to cut rates yet.
Bearish Rising Wedge Pattern
A bearish rising wedge pattern is observed in the H1 time frame.
Prediction: WEAK EURUSD
Resistance
- R1 1.09100
- R2 1.08810
- R3 1.09200
- R4 1.09500
Support
- S1 1.08810
- S2 1.09100
- S3 1.08700
- S4 1.08500
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