EURUSD Forex Analysis for Today – Wednesday (24-01-2024)
Consolidation Ahead of Press Conference, Opportunity for EURUSD Bounce
ECB Maintains Interest Rates
Market sentiment is reflected in a strengthening dollar in the European market. While the euro is declining ahead of the ECB meeting where prices consolidate, it’s evident that prices are forming a clear ranging area on the H1 time frame. Bounce trade opportunities can be maximized in that area.
Prediction: STRONG EURUSD
Resistance Levels
- R1: 1.08300
- R2: 1.08100
- R3: 1.08700
- R4: 1.08900
Support Levels
- S1: 1.08100
- S2: 1.08400
- S3: 1.07800
- S4: 1.07500
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