EURUSD Forex Analysis for Today, Tuesday (24-10-2023)

Bullish Momentum in EURUSD, Testing Resistance

EURUSD Analysis – The weakening US dollar is impacting the EURUSD movement. EURUSD is rising again, testing the resistance area of 1.06631 – 1.06774.

Today’s Trading Strategy:

There is a potential BUY opportunity for EURUSD today if it breaks above the 1.06631 – 1.06774 area, with the potential to rise towards the range of 1.07328 – 1.07394.

Alternative:

If the resistance area of 1.06631 – 1.06774 fails to be breached, it could potentially push EURUSD down to the range of 1.06202 – 1.06062.

Resistance Levels

• R1: 1.06774
• R2: 1.07394
• R3: 1.07777

Support Levels

• S1: 1.06062
• S2: 1.05603
• S3: 1.05177

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast