EURUSD Forex Analysis for Today, Tuesday (09-01-2024)
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EURUSD Ready to Sell Again! Bearish Pattern Detected
EURUSD Analysis – A bearish engulfing pattern emerged in the resistance area. The subsequent movement potentially indicates a bearish trend, but remain cautious of possible pullbacks towards the resistance area.
Today’s Trading Strategy:
- SELL in the range of 1.09600-1.09900
- Target: 1.09300-1.09000
Alternatives:
- Place a BUY STOP @1.10000
- Target: 1.10200-1.10400
Resistance Levels:
- R1: 1.10000
- R2: 1.10200
- R3: 1.10400
Support Levels:
- S1: 1.09600
- S2: 1.09900
- S3: 1.09300
- S4: 1.09000
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