EURUSD Forex Analysis for Today, Wednesday(21-02-2024)

EURUSD Forex Analysis for Today, Wednesday(21-02-2024)

Prepare to SELL EURUSD, Stalled at Trendline and Resistance

Daily Analysis EURUSD

USD Corrected, Impacted by China’s Interest Rate Decision

EUR strengthened as USD corrected yesterday, following China’s decision to cut their interest rates in an effort to support their troubled property sector. This raised hopes for additional stimulus that could trigger global growth.

Stalled at Trendline and Resistance

Selling opportunities can still be explored as the price is stalled in the resistance area and trendline seen on the H4 time frame. A breakthrough of support will increase the selling opportunities.

Prediction: WEAK EURUSD


  • R1 1.08462
  • R2 1.07757
  • R3 1.08749
  • R4 1.09134


  • S1 1.07757
  • S2 1.08462
  • S3 1.07549
  • S4 1.07214

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