EURUSD Forex Analysis for Today
SELL Opportunities for EURUSD: Bearish Rising Wedge
EURUSD Analysis
Market Awaits Fed and US NFP
The Fed is expected to maintain the interest rate at 5.5% this week. The market is also anticipating the US NFP data to be released at the end of the week.
Bearish Rising Wedge Pattern
A bearish rising wedge pattern is confirmed on the H1 time frame. SELL opportunities can be considered if there is a pullback to the lower line area of the pattern.
Prediction: WEAK EURUSD
Resistance
- R1: 1.09000
- R2: 1.08500
- R3: 1.08000
- R4: 1.07500
Support
- S1: 1.08782
- S2: 1.08162
- S3: 1.07889
- S4: 1.07615
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