EURUSD Forex Analysis – Tuesday(12-03-2024)

EURUSD Forex Analysis – Tuesday(12-03-2024)

EURUSD Forex Analysis for Today – Tuesday(12-03-2024)

Prepare to BUY EURUSD, Corrected to the Trendline Area

Daily EURUSD Analysis

The market is monitoring US inflation data that could provide clarity on the direction of the Fed interest rates, while the ECB is still waiting for more evidence before cutting interest rates.

Corrected to the Trendline

Prices are still moving above the uptrend line visible on the H1 time frame. Wait for the confirmation of buy signals in the support area or trendline. The buy scenario will be canceled if support is breached.


Resistance Levels

  • R1 1.09170
  • R2 1.08916
  • R3 1.09343
  • R4 1.09805

Support Levels

  • S1 1.08916
  • S2 1.09170
  • S3 1.08753
  • S4 1.08624

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