EURUSD Analysis: Correction, Bearish Sentiment Looms
EURUSD Analysis – The recovery of the US dollar is influencing the movement of EURUSD. Currently, EURUSD has the potential to decline towards the support area.
Today’s Trading Strategy:
There is a possibility to SELL EURUSD today as long as it does not break above the range of 1.05771 – 1.05900, with the potential to drop to the area of 1.04999 – 1.04757.
Alternatives:
A breakthrough above the resistance area of 1.05771 – 1.05900 has the potential to push EURUSD up to the area of 1.06282 – 1.06401.
Resistance Levels
- R1: 1.05900
- R2: 1.06401
- R3: 1.06774
Support Levels
- S1: 1.04757
- S2: 1.04428
- S3: 1.03987
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