EURUSD Forex Analysis for Today – Friday, 06-10-2023
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EURUSD Bullish – Watch Out for Support Break
EURUSD analysis – The correction in the US dollar has impacted the movement of EURUSD. EURUSD is rebounding towards the resistance area of 1.05862 – 1.05923.
Today’s Trading Strategy:
There is a buying opportunity for EURUSD today as long as it doesn’t break below the support area of 1.05042 – 1.04958, with the potential to rise towards the range of 1.05862 – 1.05923.
Alternative Scenario:
If the support area at 1.05042 – 1.04958 is breached, it may push EURUSD lower towards the area of 1.04547 – 1.04423.
Resistance Levels:
- R1: 1.05923
- R2: 1.06203
- R3: 1.06555
Support Levels:
- S1: 1.04958
- S2: 1.04423
- S3: 1.03740
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