EURUSD Forex Analysis for Today – Wednesday(13-03-2024)
Buying Opportunity for EURUSD! Potential BULLISH WEDGE!
Daily Analysis EURUSD
Euro Still Supported by ECB Attitude
The Euro is still supported by the European Central Bank’s cautious approach to interest rate cuts. Until now, the ECB is expected not to cut interest rates until April.
Potential Wedge Pattern
Prices are moving in the support area, with the potential formation of a bullish falling wedge pattern on the H1 time frame. Wait for the confirmation of buy signals in the support area or the lower line of the wedge pattern.
Prediction: STRONG EURUSD
Resistance
- R1 1.09170
- R2 1.08916
- R3 1.09255
- R4 1.09354
Support
- S1 1.08916
- S2 1.09170
- S3 1.08753
- S4 1.08624
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