EURUSD Forex Analysis for Today, Wednesday (05-06-2024)

EURUSD Forex Analysis for Today, Wednesday (05-06-2024)

EURUSD Forex Analysis for Today, Wednesday (05-06-2024)

EURUSD Remains Above Trendline, Look for BUY

Analysis of EURUSD

Job Openings Data Hampers USD Strength

EURUSD rebounded as US job openings data showed a decline, which hindered the strengthening of the USD.

Buy in Trendline Area

Prices are still moving above the ascending trendline visible on the H1 time frame. Buying opportunities can be sought if there is a correction to this trendline area.


Resistance Levels

  • R1 1.08669
  • R2 1.08502
  • R3 1.08793
  • R4 1.08886

Support Levels

  • S1 1.08502
  • S2 1.08891
  • S3 1.08398
  • S4 1.08164

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