EURUSD Forex Analysis for Today, Tuesday(16-04-2024)
Monitor Opportunities to Sell EURUSD: Price Moves in Bearish Continuation
Daily Analysis EURUSD
Strength in Dollar Index
The US dollar (USD) is currently driven higher, as US retail sales data rose 0.7% in March compared to the estimated 0.3%.
Bearish Continuation
The current movement of EURUSD is bearish continuation. Confirmation of sell signals can be sought as long as prices do not break above the resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.06885
- R2 1.06449
- R3 1.07150
- R4 1.07447
Support
- S1 1.06449
- S2 1.06885
- S3 1.06185
- S4 1.05914
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