EURUSD Forex Analysis for Today, Friday (13-10-2023)
EURUSD at Support Area, Caution if Broken
Analysis of EURUSD – The recovery of the US dollar has an impact on the movement of EURUSD. EURUSD has declined but is currently holding within the support area.
Today’s Trading Strategy:
There is a potential opportunity to Buy EURUSD today as long as it does not break below the range of 1.05223 – 1.05152, with the potential to rise towards the range of 1.06282 – 1.06401.
Alternative Scenario:
If the support area of 1.05223 – 1.05152 is breached, it may push EURUSD down towards the range of 1.04930 – 1.04757.
Resistance Levels:
- R1: 1.06401
- R2: 1.06774
- R3: 1.07567
Support Levels:
- S1: 1.05152
- S2: 1.04757
- S3: 1.04428
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