EURUSD Forex Analysis for Today – Friday (16-02-2024)
EURUSD Pullback to Flag Area: Still Opportunities for SELL
Daily Analysis EURUSD
Dollar Correction
The dollar index corrected last night after US retail sales data increased the chances of the Fed cutting interest rates in June, for the first time since the pandemic.
Pullback to Bearish Flag Area
Selling opportunities can still be sought as there is a pullback to the bearish flag.
Prediction: WEAK EURUSD
Resistance
- R1 1.08108
- R2 1.07803
- R3 1.08283
- R4 1.08485
Support
- S1 1.07803
- S2 1.08108
- S3 1.07706
- S4 1.07404
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