EURUSD forex analysis for today, Tuesday(04-06-2024)

EURUSD forex analysis for today, Tuesday(04-06-2024)

Prepare to BUY EURUSD, Monitor Potential Breakout of Resistance

Analyze EURUSD

USD Weakness Strengthens Euro

EURUSD strengthened after data showing declines in the manufacturing and construction sectors triggered a weakening of the USD.

Buy on Resistance Breakout

Prices appear to be testing the resistance area on the H1 time frame. Look for buying opportunities if that resistance area is breached.

Prediction: STRONG EURUSD

  • Resistance
    • R1 1.09241
    • R2 1.09025
    • R3 1.09433
    • R4 1.09593
  • Support
    • S1 1.08889
    • S2 1.09025
    • S3 1.08671
    • S4 1.08098

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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.


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