EURUSD Forex Analysis for Today, Thursday(07-12-2023)

EURUSD Forex Analysis for Today, Thursday(07-12-2023)

EURUSD Approaching Resistance Again, Still in a Downtrend

EURUSD Analysis – The strengthening of the USD continues to impact EURUSD, with potential further decline expected today.

Today’s Trading Strategy:

  • SELL in the range of 1.08039-1.08202
  • Target: 1.07939-1.07776
  • Alternative:
  • BUY STOP @1.08250
  • Target: 1.08318-1.08466

Resistance Levels

  • R1 1.08250
  • R2 1.08318
  • R3 1.08466

Support Levels

  • S1 1.08039
  • S2 1.08202
  • S3 1.07939
  • S4 1.07776
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