EURUSD Forex Analysis for Today – Thursday (15-02-2024)
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EURUSD Still Opportunities for SELL: Bearish Flag Still Visible
Daily Analysis EURUSD
Market Monitors Fed’s Moves
The dollar index continues to hold below the three-month high level, with the market still monitoring the possibility of the Fed delaying interest rate cuts related to tonight’s US retail sales data.
Bearish Flag Pattern Confirmed
The bearish flag pattern is confirmed on the H4 time frame. Sell opportunities can be sought again if there is a pullback to the resistance area.
Prediction: WEAK EURUSD
Resistance
- R1 1.08068
- R2 1.07405
- R3 1.08381
- R4 1.08880
Support
- S1 1.07405
- S2 1.08068
- S3 1.07220
- S4 1.06943
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