EURUSD Downward Attempt to Break Support

EURUSD Analysis – The strengthening of the US dollar is affecting the movement of EURUSD. EURUSD has the potential to decline and test the support area between 1.06315 and 1.06124.

Today’s Trading Strategy:

There is a selling opportunity for EURUSD today if it breaks below the range of 1.06315 – 1.06124, with the potential to decline to the area between 1.05810 – 1.05619.

Alternative Scenario:

If the support area between 1.06315 – 1.06124 fails to break, it could potentially push EURUSD higher towards the range of 1.07328 – 1.07394.

Resistance Levels

• R1: 1.07394
• R2: 1.07740
• R3: 1.08106

Support Levels

• S1: 1.06124
• S2: 1.05619
• S3: 1.05187

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