EURUSD 1-2-2024

Technical Analysis

By Shady Fouad Last updated Feb 1, 2024

EURUSD 1-2-2024.

EUR/USD pair is trading below the resistance zone of 1.0900, indicating a potential continuation of the downward trend. In this scenario, the next target could be around 1.0750. However, if the pair breaks above 1.0900 again, the bearish scenario may be invalidated.

Support	1.0780	1.0750	–
Resistance	1.0855	1.0900	1.0950

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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