EURUSD Forex Analysis for Today
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Caution! EURUSD Still Under Pressure
EURUSD Analysis: The strengthening of the US dollar is pressuring EURUSD. Based on the H1 timeframe chart, there’s a potential correction in price before resuming the downtrend. Pay attention to the resistance area.
Today’s Trading Strategy:
- SELL at Range 1.10539 – 1.10828
- Target: 1.10282 – 1.10100
- Alternative:
- BUY STOP @1.10828
- Target: 1.10957 – 1.11140
Resistance Levels
- R1 1.10828
- R2 1.10957
- R3 1.11140
Support Levels
- S1 1.10539
- S2 1.10828
- S3 1.10282
- S4 1.10100
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