EURUSD Forex Analysis for Today, Wednesday(31-01-2024)

EURUSD Forex Analysis for Today, Wednesday(31-01-2024)

EURUSD Forex Analysis for Today, Wednesday(31-01-2024)

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Get Ready to SELL EURUSD, Bias Still Bearish

Daily Analysis EURUSD

Dollar Sideways, Market Awaits Fed

The dollar is moving mixed ahead of the Fed interest rate announcement, which is expected to hold rates at 5.5%. The market will look for clues from Fed Chair Jerome Powell’s statement on the possibility of rate cuts in March.

Swing Highs Getting Lower

Swing highs on the H1 time frame are seen getting lower. A pullback occurred to the resistance area. Selling opportunities can be sought in that resistance area.

Prediction: WEAK EURUSD


  • R1 1.08870
  • R2 1.08438
  • R3 1.08935
  • R4 1.09175


  • S1 1.08438
  • S2 1.08870
  • S3 1.08350
  • S4 1.08205

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