EURUSD Forex Analysis for Today – Tuesday (13-02-2024)
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SELL Opportunities for EURUSD: Potential Bearish Flag
Daily Analysis on EURUSD
Market Still Awaits US CPI Data Tonight
The dollar slightly strengthened yesterday as the market awaits US CPI data tonight and retail sales later this week. The market predicts that January CPI data will provide evidence that inflation is decreasing towards the 2% inflation target.
Potential Bearish Flag Pattern
There is a potential formation of a bearish flag pattern on the H4 time frame. The pattern will be confirmed if the lower line is breached. Breaking the support area will increase the selling opportunities.
Prediction: WEAK EURUSD
Resistance
- R1 1.08068
- R2 1.07377
- R3 1.08381
- R4 1.08880
Support
- S1 1.07377
- S2 1.08068
- S3 1.07089
- S4 1.06677
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