EURUSD Forex Analysis for Today, Monday (20-11-2023)

EURUSD Forex Analysis for Today, Monday (20-11-2023)

EURUSD Forex Analysis for Today, Monday (20-11-2023)

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EURUSD Attempts to Break Resistance

Analyzing EURUSD – The EURUSD pair is attempting to break resistance, with a bullish bias looming over EURUSD.

Today’s Trading Strategy:

Opportunity to BUY EURUSD today if it breaks above the range of 1.09077 – 1.09290, with potential gains towards the range of 1.09956 – 1.10362.

Alternative scenario: A breach of the support area of 1.08482 – 1.08313 could push EURUSD downwards towards the range of 1.07441 – 1.07258.

Resistance Levels

  • R1 1.09290
  • R2 1.10362
  • R3 1.10754

Support Levels

  • S1 1.08313
  • S2 1.07258
  • S3 1.06537
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