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EURUSD on the Rise, Watch for Resistance Breakout

Analysis for EURUSD – EURUSD is moving upwards amidst a weakening US dollar; pay attention to the breakout of resistance.

Today’s Trading Strategy:

Opportunity to BUY EURUSD today if it breaks above the range of 1.09598 – 1.09667, with the potential to rise towards the range of 1.09960 – 1.10138.

Alternatively:

If the resistance area between 1.09598 – 1.09667 fails to be breached, it may push EURUSD down towards the range of 1.08972 – 1.08825.

Resistance Levels:

• R1: 1.09667
• R2: 1.10138
• R3: 1.10888

Support Levels:

• S1: 1.08825
• S2: 1.08467
• S3: 1.08215

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