EURUSD Forex Analysis for Today, Thursday (28-12-2023)

EURUSD Forex Analysis for Today, Thursday (28-12-2023)

EURUSD Consolidating, Potential Upside Movement

EURUSD Analysis – Continued weakness in the US dollar is driving EURUSD. On the H1 timeframe chart, the price has the potential to form a rally base rally formation if it successfully breaks resistance.

Today’s Trading Strategy:

  • Initiate Buy Stop @1.11227
  • Target: 1.11500 – 1.11700
  • Alternatives:
    • Consider Sell Stop @1.10957
    • Target: 1.10791 – 1.10521

Resistance Levels:

  • R1 1.10957
  • R2 1.10791
  • R3 1.10521

Support Levels:

  • S1 1.11227
  • S2 1.11500
  • S3 1.11700

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness is not responsible for any losses that may arise from the use of this analysis.

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