EURUSD Forex Analysis – Monday (29-04-2024)

EURUSD Forex Analysis – Monday (29-04-2024)

EURUSD Forex Analysis for Today – Monday (29-04-2024)

Visit EURUSD Forex Analysis

Check the Potential to SELL EURUSD Now! Potential Bearish Flag

EURUSD Daily Analysis

US Core PCE Convinces Fed to Delay Rate Cuts

The US Core PCE YoY data remains high and could further convince the Fed to hold off interest rate cuts until September, providing room for USD strength.

Potential Bearish Flag

Prices are testing the resistance area and potentially forming a bearish flag pattern on the H4 time frame.

Prediction: WEAK EURUSD

Resistance Levels

  • R1: 1.07631
  • R2: 1.06988
  • R3: 1.07903
  • R4: 1.08125

Support Levels

  • S1: 1.06634
  • S2: 1.06988
  • S3: 1.06428
  • S4: 1.06223

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