EURUSD Forex Analysis for Today, Wednesday (26-06-2024)

EURUSD Forex Analysis for Today, Wednesday (26-06-2024)

EURUSD Forex Analysis for Today, Wednesday (26-06-2024)

EURUSD SELL Opportunity: Potential Symmetrical Triangle

EURUSD Analysis

USD Strength Pressures EURUSD

The strengthening of US bond yields followed by the strengthening of the dollar index pressures EURUSD movement. The euro itself has been moving under pressure amid the political turmoil in France.

Potential Symmetrical Triangle

There is potential for a symmetrical triangle pattern to form on the H1 time frame. SELL opportunities can be sought as long as there is no breakout above the upper line of the pattern.

Prediction: WEAK EURUSD

Resistance

  • R1 1.07600
  • R2 1.07524
  • R3 1.07400
  • R4 1.07231

Support

  • S1 1.07524
  • S2 1.07000
  • S3 1.06800
  • S4 1.06653
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