EURUSD Forex Analysis – Monday (12-02-2024)

EURUSD Forex Analysis – Monday (12-02-2024)

EURUSD Forex Analysis for Today – Monday (12-02-2024)

Visit the analysis at

SELL Opportunities for EURUSD: Price in the Upper Channel

Daily Analysis on EURUSD

Market Awaits US CPI Data This Week

The dollar index moved within a narrow range last Friday as the market awaited the pace at which the Fed would cut interest rates this year. The market will be anticipating CPI data, which is expected to slow down.

Price Moving in the Upper Channel

It appears that the price is forming a channel pattern after a significant drop on the H1 time frame. This has the potential to become a bearish flag. The price is also held in the resistance area. Look for confirmation of sell signals in the upper channel or resistance zone.

Prediction: WEAK EURUSD


  • R1 1.08135
  • R2 1.07790
  • R3 1.08266
  • R4 1.08423


  • S1 1.07790
  • S2 1.08135
  • S3 1.07714
  • S4 1.07572

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Your email address will not be published.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 *