EURUSD Forex Analysis for Today, Friday(05-01-2024)
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EURUSD Gearing Up for Another Sell! Bearish Pattern Detected
EURUSD Analysis – The Euro is still weakening. It appears to be testing the resistance area and followed by the appearance of a dark cloud cover pattern. EURUSD has the potential to decline again today.
Today’s Trading Strategy:
- SELL at the range of 1.09600-1.09900
- Target: 1.09000-1.08850
Alternative:
- BUY STOP @1.10000
- Target: 1.10200-1.10400
Resistance Levels:
- R1 1.10000
- R2 1.10200
- R3 1.10400
Support Levels:
- S1 1.09600
- S2 1.09900
- S3 1.09000
- S4 1.08850
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