EURUSD Forex Analysis for Today, Tuesday (19-12-2023)

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EURUSD Sentiment Bearish, Seek Selling Confirmation

Analyzing EURUSD – Euro weakness is pressuring the EURUSD pair, currently correcting towards the Fibonacci area. Potential downward movement expected today.

Today’s Trading Strategy:

• SELL in the Range of 1.09347 – 1.09632
• Targets: 1.09170 – 1.08885
• Alternatives:
• BUY STOP @1.09632
• Targets: 1.09836 – 1.10095

Resistance Levels

• R1: 1.09632
• R2: 1.09836
• R3: 1.10095

Support Levels

• S1: 1.09347
• S2: 1.09632
• S3: 1.09170
• S4: 1.08885

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