EURUSD Forex Analysis for Today, Wednesday (20-12-2023)

EURUSD Forex Analysis for Today, Wednesday (20-12-2023)

EURUSD Change in Direction, Seeking Buying Confirmation

EURUSD Analysis – Weakness in the US dollar supports the rise of EURUSD. Currently, EURUSD has the potential to continue rising towards the psychological level of 1.10000.

Today’s Trading Strategy:

  • BUY in the Range of 1.09482 – 1.09251
  • Target: 1.09856 – 1.10000
  • Alternative:
    • SELL STOP @1.09251
    • Target: 1.09086 – 1.08876

Resistance Levels:

  • R1 1.09251
  • R2 1.09086
  • R3 1.08876

Support Levels:

  • S1 1.09482
  • S2 1.09251
  • S3 1.09856
  • S4 1.10000

Please note: This information is provided for analysis purposes. Make informed decisions based on your own research and risk assessment.

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