EURUSD Forex Analysis for Today – Monday (06-05-2024)
Sell Opportunity for EURUSD: EURUSD Still Held at Resistance
EURUSD Analysis
Focus Back on ECB
The market is once again focused on the possibility of interest rate cuts by the European Central Bank in June, especially after German inflation data was released below expectations.
Trendline and Resistance Holding
Prices are held at the trendline resistance area. Sell opportunities can be sought again at the trendline and resistance area.
Prediction: WEAK EURUSD
Resistance Levels
- R1: 1.08342
- R2: 1.07905
- R3: 1.08578
- R4: 1.08820
Support Levels
- S1: 1.07905
- S2: 1.08342
- S3: 1.07752
- S4: 1.07506
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