EURUSD Forex Analysis – Tuesday (06-02-2024)

EURUSD Forex Analysis – Tuesday (06-02-2024)

EURUSD Forex Analysis for Today, Tuesday (06-02-2024)

EURUSD Still Potentially SELL, Still Under Pressure

Daily EURUSD Analysis

Market Expects Interest Rates Not to Be Cut Too Much

The dollar strengthened last night after improved ISM non-manufacturing PMI data led the market to expect that the Fed would not cut interest rates too much this year.

Consolidation in the Support Area

Prices are still under pressure and consolidating in the support area. A breakthrough of support will increase the chances of a sell.

Prediction: WEAK EURUSD


  • R1 1.07615
  • R2 1.07158
  • R3 1.07955
  • R4 1.07796


  • S1 1.07158
  • S2 1.07615
  • S3 1.06970
  • S4 1.06677

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