EURUSD Forex Analysis for Today – Friday(23-02-2024)
Opportunity to BUY EURUSD: Moving in Up Channel
Daily Analysis EURUSD
Dollar Lifted Due to Unemployment Claims
The dollar index lifted from a three-week low last night after weekly unemployment claims data showed significant improvement. The market continues to monitor economic data for clues about the Fed’s next steps.
Up Channel Identified
Prices are moving in an up channel as seen on the H1 time frame, but are still held back by the resistance area. Buy opportunities can be sought if there is a breakthrough above the resistance area.
Prediction: STRONG EURUSD
Resistance
- R1 1.08403
- R2 1.07820
- R3 1.08570
- R4 1.08875
Support
- S1 1.07820
- S2 1.08403
- S3 1.07614
- S4 1.07305
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