Another SELL Opportunity for EURUSD! Still Held Back by the Down Trendline!
EURUSD Analysis
Market Prepares for Key Economic Data
The euro continues to weaken, reaching a two-week low against the USD as the market awaits a series of key economic data releases this week, including US non-farm payrolls, which could influence the scale of the Fed’s interest rate cuts.
Still Held by the Down Trendline
The price remains below the down trendline on the H1 time frame. A pullback has occurred towards this trendline. A confirmation of the SELL signal can be sought in this trendline area.
Prediction: WEAK EURUSD
Resistance Levels
- R1 1.11400
- R2 1.11200
- R3 1.11000
- R4 1.10800
Support Levels
- S1 1.10840
- S2 1.10281
- S3 1.10024
- S4 1.09745
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