EURUSD Forex Analysis for Today
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Prepare to SELL EURUSD: Price Tests Resistance
Daily Analysis EURUSD
US Labor Data Remains Stable
The dollar index is still relatively stable after the latest labor data shows stability in the sector, further reducing the likelihood of the Fed cutting interest rates in the near future.
Pull-up Stalled at Resistance
The price is seen stalled in the resistance area on the H1 time frame. The movement tends to be sideways. Look for confirmation of sell signals for trading opportunities today.
Prediction: WEAK EURUSD
Resistance
- R1 1.08034
- R2 1.07830
- R3 1.08135
- R4 1.08266
Support
- S1 1.07830
- S2 1.08034
- S3 1.07572
- S4 1.07417
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