EURUSD Forex Analysis for Today – Friday (10-11-2023)
EURUSD Testing Support, Potential Further Decline
EURUSD Analysis – The strengthening US dollar has the potential to further pressure the movement of EURUSD.
Today’s Trading Strategy:
There is a possibility to SELL EURUSD today if it breaks below the range of 1.06626 – 1.06559, with the potential to decline to the range of 1.06290 – 1.06036.
Alternatively:
If the support area of 1.06626 – 1.06559 does not break, there is a potential for EURUSD to rise to the range of 1.07506 – 1.07640.
Resistance
- R1 1.07640
- R2 1.08275
- R3 1.08888
Support
- S1 1.06559
- S2 1.06036
- S3 1.05097
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