EURUSD Analysis for Today
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EURUSD Consolidation, Focus on Support and Resistance
Analyzing EURUSD – The EURUSD pair is moving within a narrow range or consolidating ahead of crucial data release from the US.
Today’s Trading Strategy:
There’s a potential BUY opportunity for EURUSD today if it breaks above the range of 1.07206 – 1.07282, with the possibility of an upward movement towards the range of 1.07511 – 1.07577.
Alternatively, a breach of the support area between 1.06702 – 1.06537 could push EURUSD down towards the range of 1.06290 – 1.06036.
Resistance Levels
- R1: 1.07282
- R2: 1.07577
- R3: 1.08275
Support Levels
- S1: 1.06537
- S2: 1.06036
- S3: 1.05097
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