EURUSD Forex Analysis for Today, Friday (19-07-2024)
SELL Opportunity for EURUSD: Trendline Break
Analysis EURUSD
Euro Plummets Post-ECB Announcement
The euro weakened after the European Central Bank (ECB) announced they would maintain interest rates and did not provide further guidance on their next monetary policy steps.
Trendline Break
The trendline visible on the H1 time frame has been broken, but to confirm a sell opportunity, a support area break confirmation is needed.
Prediction: WEAK EURUSD
Resistance
- R1 1.09500
- R2 1.09000
- R3 1.08500
- R4 1.08000
Support
- S1 1.09092
- S2 1.08341
- S3 1.08020
- S4 1.07705
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