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EURUSD Rises, Watch for Resistance Breakout
Analysis on EURUSD – EURUSD is moving upward amidst the weakening of the US dollar, keep an eye on the resistance breakout.
Today’s Trading Strategy:
Opportunity to BUY EURUSD today if it breaks above the 1.09598 – 1.09667 area, with potential upside towards the 1.09960 – 1.10138 region.
Alternately:
If the resistance area of 1.09598 – 1.09667 fails to break, potential pressure on EURUSD towards the 1.08972 – 1.08825 area.
Resistance Levels
- R1: 1.09667
- R2: 1.10138
- R3: 1.10888
Support Levels
- S1: 1.08825
- S2: 1.08467
- S3: 1.08215
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