EURUSD Forex Analysis for Today, Wednesday (17-07-2024)
EURUSD Still Has BUY Opportunity: Held at Trendline Area
Analysis EURUSD
Fed and ECB Under Scrutiny
The market is increasingly confident that the Fed will start cutting rates in September. The ECB is scheduled to announce interest rates tomorrow and is expected to maintain rates at 4.25 percent.
Held at Trendline Area
The price is still held at the trendline area visible on the H1 time frame. Buying opportunities can still be sought in that trendline area.
Forecast: STRONG EURUSD
Resistance
- R1 1.08599
- R2 1.09310
- R3 1.09552
- R4 1.09784
Support
- S1 1.08500
- S2 1.09000
- S3 1.09500
- S4 1.08800
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