EURUSD Forex Analysis – Monday(05-02-2024)

EURUSD Forex Analysis – Monday(05-02-2024)

EURUSD Forex Analysis for Today – Monday(05-02-2024)

SELL Opportunity for EURUSD, Prices Still Under Pressure

Daily Analysis EURUSD

Dollar Strengthens Post NFP

The dollar index strengthens to a seven-week high after the US non-farm payrolls data showed growth in January, exceeding expectations, further reducing the likelihood of the Fed cutting interest rates in the near future.

Long Bearish Candlestick

The appearance of a long bearish candlestick indicates that bearish pressure is very strong. Prices are moving in the resistance area, which can be used as a reference to seek confirmation of a sell signal.

Prediction: WEAK EURUSD


  • R1: 1.08244
  • R2: 1.07955
  • R3: 1.08434
  • R4: 1.08799


  • S1: 1.07955
  • S2: 1.08244
  • S3: 1.07652
  • S4: 1.07328

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