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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