EURUSD Forex Analysis – Friday (16-02-2024)

EURUSD Forex Analysis – Friday (16-02-2024)

EURUSD Forex Analysis for Today – Friday (16-02-2024)

EURUSD Pullback to Flag Area: Still Opportunities for SELL

Daily Analysis EURUSD

Dollar Correction

The dollar index corrected last night after US retail sales data increased the chances of the Fed cutting interest rates in June, for the first time since the pandemic.

Pullback to Bearish Flag Area

Selling opportunities can still be sought as there is a pullback to the bearish flag.

Prediction: WEAK EURUSD

Resistance

  • R1 1.08108
  • R2 1.07803
  • R3 1.08283
  • R4 1.08485

Support

  • S1 1.07803
  • S2 1.08108
  • S3 1.07706
  • S4 1.07404
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