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