EURUSD Forex Analysis for Today, Wednesday (03-07-2024)

EURUSD Forex Analysis for Today, Wednesday (03-07-2024)

EURUSD Forex Analysis for Today, Wednesday (03-07-2024)

EURUSD Rebounds After Gap Closure, Still Looking for BUY Opportunities

Analysis EURUSD

Lagarde Indicates Delay in Rate Cuts

ECB President Christine Lagarde stated yesterday that the ECB needs more time to conclude that inflation is truly on track with the ECB’s 2 percent target. She also mentioned that current economic growth indicates that a rate cut is not urgent.

Moving Above Trendline

The price is moving above the upward trendline area visible on the H1 time frame. Buying opportunities can be considered in this trendline area.

Prediction: Strong EURUSD


  • R1 1.07000
  • R2 1.07400
  • R3 1.07600
  • R4 1.07755


  • S1 1.06800
  • S2 1.07000
  • S3 1.07400
  • S4 1.07509

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