EURUSD Forex Analysis – Monday (06-05-2024)

EURUSD Forex Analysis – Monday (06-05-2024)

EURUSD Forex Analysis for Today – Monday (06-05-2024)

Visit EURUSD Forex Analysis

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

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *