BUY EURUSD: Identifying Double Bottom at Support!
Daily Analysis of EURUSD
USD Strengthens by 0.2% Overnight
The US Dollar rose on Thursday after data showed faster-than-expected economic growth. The dollar index, measuring the dollar’s value against six other major currencies, strengthened by 0.2% overnight.
Double Bottom at Support Level
Prices have declined again and held within the support area. Opportunities to BUY from this pattern can be maximized as long as prices do not break 1.08000.
Conclusion: STRONG EURUSD
Resistance
- R1: 1.08105
- R2: 1.08000
- R3: 1.08640
- R4: 1.09280
Support
- S1: 1.08000
- S2: 1.08305
- S3: 1.07710
- S4: 1.07525
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