EURUSD Forex Analysis for Today, Tuesday(21-05-2024)

EURUSD Forex Analysis for Today, Tuesday(21-05-2024)

EURUSD Forex Analysis for Today, Tuesday(21-05-2024)

Still in UPTREND, Buy EURUSD If It Breaks Resistance

EURUSD Analysis

Market Awaits Fed Officials’ Comments

The market is still waiting for comments from Fed officials to get clues about when the Fed will start cutting interest rates. Signs of slowing inflation are still evident from US economic data.

Monitor Resistance Area

EURUSD is still moving above the rising trendline on the H4 time frame. Buying opportunities will increase if there is a break above the resistance.


Resistance Levels:

  • R1 1.08342
  • R2 1.08024
  • R3 1.08535
  • R4 1.08709

Support Levels:

  • S1 1.08024
  • S2 1.08374
  • S3 1.07769
  • S4 1.07555

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *