EURUSD Currency Pair Analysis for Today, Monday(18-12-2023)

EURUSD Currency Pair Analysis for Today, Monday(18-12-2023)

EURUSD Forex Evaluation for Today

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EURUSD Correction, Seeking Buy Signals

EURUSD Analysis – The weakening Euro is pressing down on EURUSD, currently correcting within the Fibonacci area. Potential for a rebound.

Today’s Trading Strategy:

  • BUY within the Range of 1.09174 – 1.08615
  • Target: 1.09572 – 1.10079
  • Alternative:
    • SELL STOP @1.08615
    • Target: 1.08269 – 1.07710

Resistance Levels

  • R1 1.08615
  • R2 1.08269
  • R3 1.07710

Support Levels

  • S1 1.09174
  • S2 1.08615
  • S3 1.09572
  • S4 1.10079
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