EURUSD Decline Towards Support
EURUSD Analysis – The EURUSD pair has undergone a descent amid the strengthening of the US dollar, indicating a movement towards the support region.
Today’s Trading Strategy:
Opportunity to SELL EURUSD today unless it breaches the upper range of 1.09125 – 1.09240, with potential downside towards the range of 1.08289 – 1.08215.
Alternative:
A breakout above the resistance area of 1.09125 – 1.09240 could propel EURUSD upwards towards the range of 1.09598 – 1.09667.
Resistance Levels
- R1: 1.09240
- R2: 1.09667
- R3: 1.10214
Support Levels
- S1: 1.08215
- S2: 1.07558
- S3: 1.06537
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