EURUSD Forex Analysis – Wednesday(27-12-2023)

EURUSD Forex Analysis – Wednesday(27-12-2023)

EURUSD Forex Analysis for Today, Wednesday (27-12-2023)

EURUSD Breaks Resistance, Potential Upside

Analysis of EURUSD – Continued weakness in the US dollar continues to drive EURUSD. From the H1 timeframe chart, the price successfully breached the resistance. Buying opportunities may be sought today.

Today’s Trading Strategy:

  • BUY in the Range 1.10316 – 1.10241
  • Target: 1.10436 – 1.10550
  • Alternatives:
  • SELL STOP @1.10241
  • Target: 1.10121 – 1.10035

Resistance Levels

  • R1 1.10241
  • R2 1.10121
  • R3 1.10035

Support Levels

  • S1 1.10316
  • S2 1.10241
  • S3 1.10436
  • S4 1.10550

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