EURUSD Forex Analysis for Today, Wednesday(03-04-2024)

EURUSD Forex Analysis for Today, Wednesday(03-04-2024)

EURUSD Forex Analysis for Today, Wednesday(03-04-2024)

Prepare to Check Selling Opportunities for EURUSD! Potential Bearish Continuation in Price

Daily Analysis EURUSD

Euro Pressured Against Dollar

The euro has weakened against the dollar over the past two months. Market sentiment is highly confident of a European Central Bank (ECB) interest rate cut in June. Market participants are awaiting important inflation data from Germany and the broader eurozone this weekend to bolster this confidence.

Potential Bearish Continuation

The current movement of EURUSD has the potential for a bearish continuation. Confirmation of sell signals can be sought as long as the price does not penetrate the resistance area.

Prediction: WEAK EURUSD


  • R1 1.08309
  • R2 1.07860
  • R3 1.08565
  • R4 1.08805


  • S1 1.07860
  • S2 1.08309
  • S3 1.07613
  • S4 1.07399

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