EURUSD Forex Analysis for Today, Friday (08-12-2023)
Bullish Outlook for EURUSD, Watch for Corrections
Analysis of EURUSD – Weakness in the US dollar still has the potential to support EURUSD. The current price is experiencing a correction and might rise again.
Today’s Trading Strategy:
- BUY in the Range of 1.07931 – 1.07784
- Target: 1.08022 – 1.08170
- Alternative:
- SELL STOP @1.07784
- Target: 1.07679 – 1.07546
Resistance Levels
- R1 1.07784
- R2 1.07679
- R3 1.07546
Support Levels
- S1 1.07931
- S2 1.07784
- S3 1.08022
- S4 1.08170
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