EURUSD Forex Analysis for Today, Wednesday (15-05-2024)
EURUSD Moving Up: Look for Buy Opportunities on Corrections
EURUSD Analysis
Euro Supported by Economic Sentiment Survey
The Euro is supported by the ZEW economic sentiment survey, which showed an improvement from an index of 43.9 to 47, higher than the expected 46.1.
Monitor Trendline and Support
EURUSD appears to be moving above an upward trendline in the H1 time frame. Buy opportunities can be sought if there is a correction to the trendline area or the nearest support.
Prediction: STRONG EURUSD
Resistance
- R1 1.08063
- R2 1.07797
- R3 1.08139
- R4 1.08242
Support
- S1 1.07797
- S2 1.08063
- S3 1.07673
- S4 1.07589
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