EURUSD Forex Analysis – Thursday (25-01-2024)

EURUSD Forex Analysis – Thursday (25-01-2024)

EURUSD Forex Analysis for Today – Thursday (25-01-2024)

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EURUSD Opportunity to Continue Consolidation Phase!

Daily Analysis of EURUSD

Stable Interest Rates

The Euro rises slightly after Eurozone market PMI data. The ECB has adopted a policy to maintain stable interest rates.

Consistent in the Consolidation Phase

Prices are once again held in the resistance area. Bounce Trade opportunities can be maximized as long as the price does not break 1.09500.

Conclusion: EURUSD in a Weakened State

Resistance Levels

  • R1: 1.09500
  • R2: 1.09005
  • R3: 1.09610
  • R4: 1.09985

Support Levels

  • S1: 1.09005
  • S2: 1.09500
  • S3: 1.08640
  • S4: 1.08280
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