EURUSD Forex Analysis for Today, Wednesday (12-06-2024)

EURUSD Forex Analysis for Today, Wednesday (12-06-2024)

EURUSD Forex Analysis for Today, Wednesday (12-06-2024)

EURUSD Still Under Pressure, Look for SELL Opportunities

EURUSD Analysis

Market Awaits US Inflation Data and Fed Decision

EURUSD remains stable as the market awaits US inflation data ahead of the Fed’s interest rate announcement. The Fed is expected to maintain the interest rate at 5.5 percent, providing potential for USD strength.

Sell if Support Breaks

Prices are still under pressure. Sell opportunities can be taken if there is a break below the support area.


Resistance Levels

  • R1 1.08399
  • R2 1.08177
  • R3 1.08567
  • R4 1.08669

Support Levels

  • S1 1.07172
  • S2 1.07550
  • S3 1.06846
  • S4 1.06607

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