EURUSD Forex Analysis – Thursday (15-02-2024)

EURUSD Forex Analysis – Thursday (15-02-2024)

EURUSD Forex Analysis for Today – Thursday (15-02-2024)

https://onlineforexafrica.com/

EURUSD Still Opportunities for SELL: Bearish Flag Still Visible

Daily Analysis EURUSD

Market Monitors Fed’s Moves

The dollar index continues to hold below the three-month high level, with the market still monitoring the possibility of the Fed delaying interest rate cuts related to tonight’s US retail sales data.

Bearish Flag Pattern Confirmed

The bearish flag pattern is confirmed on the H4 time frame. Sell opportunities can be sought again if there is a pullback to the resistance area.

Prediction: WEAK EURUSD

Resistance

  • R1 1.08068
  • R2 1.07405
  • R3 1.08381
  • R4 1.08880

Support

  • S1 1.07405
  • S2 1.08068
  • S3 1.07220
  • S4 1.06943
JustMarkets

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. XM broker 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Your email address will not be published.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 *