EURUSD Forex Analysis – Monday(11-03-2024)

EURUSD Forex Analysis – Monday(11-03-2024)

EURUSD Forex Analysis for Today – Monday(11-03-2024)

Seeking BUY Opportunities for EURUSD, Still in Uptrend

Daily EURUSD Analysis

ECB Needs More Evidence to Cut Rates

ECB President, Christine Lagarde, mentioned that the ECB still needs more evidence to cut interest rates, especially after the GDP YoY data for the eurozone in the fourth quarter of 2023 showed an increase of 0.1%.

Still Moving in Uptrend

Prices are still moving above the uptrend line visible on the H1 time frame. Wait for the confirmation of buy signals in the support area or trendline. The buy scenario will be canceled if support is breached.



  • R1 1.09170
  • R2 1.08916
  • R3 1.09343
  • R4 1.09805


  • S1 1.08916
  • S2 1.09170
  • S3 1.08753
  • S4 1.08624

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Your email address will not be published.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 *