EURUSD Forex Analysis for Today – Wednesday (06-03-2024)
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EURUSD Still Has BUY Potential
Daily EURUSD Analysis
Dollar Experiences Correction
USD corrected last night after economic data showed a slowdown in growth in the service sector. The market’s current focus shifts to Powell’s statements before Congress and US employment data.
Bullish Falling Wedge Pattern Still Intact
The bullish falling wedge pattern on the H1 time frame appears to be still intact. Look for buy opportunities in the support area or the upper line of the pattern.
Prediction: STRONG EURUSD
Resistance Levels
- R1: 1.08588
- R2: 1.07826
- R3: 1.08904
- R4: 1.09440
Support Levels
- S1: 1.07826
- S2: 1.08588
- S3: 1.07605
- S4: 1.07207
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