EURUSD Still Has BUY Potential, Moving Within Up Trendline Area
EURUSD Analysis
EURUSD Boosted by USD Weakness
EURUSD continues to move in a strengthening trend, driven by the weakening of the USD. The bullish sentiment remains intact since Fed Chairman Jerome Powell signaled a definitive rate cut in September.
Correction to Up Trendline Area
The price has corrected to the up trendline area visible on the H1 timeframe. A buy signal confirmation can be sought in this trendline area.
Prediction: STRONG EURUSD
Resistance Levels
- R1 1.11311
- R2 1.12102
- R3 1.12474
- R4 1.12860
Support Levels
- S1 1.10000
- S2 1.10500
- S3 1.11000
- S4 1.11500
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