EURUSD Held at Support, Potential Rebound

EURUSD Analysis – The strengthening of the US dollar is putting pressure on the movement of EURUSD, but it is still held within the support area.

Today’s Trading Strategy:

There is a potential to BUY EURUSD today as long as it does not break below the 1.06687 – 1.06532 area, with the possibility of rising to the 1.07201 – 1.07277 area.

Alternative:

A breakthrough below the support area of 1.06687 – 1.06532 could potentially push EURUSD down to the 1.06290 – 1.06036 area.

Resistance

• R1 1.07277
• R2 1.07572
• R3 1.08275

Support

• S1 1.06532
• S2 1.06036
• S3 1.05097