EURUSD Forex Analysis for Today – Monday(18-03-2024)
Selling Opportunity in EURUSD: Prices Potentially Weakening to Support Area!
Daily Analysis EURUSD
Economic Data
European Central Bank (ECB) Pablo Hernandez de Cos said on Sunday that the central bank could start cutting interest rates in June after a decline in Eurozone inflation.
Potential Bearish Continuation
Prices have the potential to continue moving bearishly. Confirmation of sell signals can be sought in the nearest resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.09856
- R2 1.08594
- R3 1.10534
- R4 1.11364
Support
- S1 1.09016
- S2 1.09856
- S3 1.08594
- S4 1.08164
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