EURUSD Rebound Towards Resistance Area
EURUSD Analysis – The weakening of the US dollar is affecting the movement of EURUSD. Currently, EURUSD has the potential to rise towards the resistance area.
Today’s Trading Strategy: There is a buying opportunity for EURUSD today as long as it doesn’t break below the range of 1.05317 – 1.05177, with the potential to rise to the range of 1.06282 – 1.06401.
Alternative: A breakthrough below the support area of 1.05317 – 1.05177 has the potential to push EURUSD down to the area of 1.04999 – 1.04757.
Resistance
- R1: 1.06401
- R2: 1.06774
- R3: 1.07054
Support
- S1: 1.05177
- S2: 1.04757
- S3: 1.04428
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