EURUSD Forex Analysis for Today, Friday (27-10-2023)
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Bearish Bias Accompanying EURUSD Movement
EURUSD Analysis – The strengthening of the US dollar is affecting the movement of EURUSD, where EURUSD has the potential to decline towards the support area of 1.05317 – 1.05177.
Today’s Trading Strategy:
There is an opportunity to SELL EURUSD today as long as it does not break above the area of 1.05929 – 1.06100, with the potential to fall to the area of 1.05317 – 1.05177.
Alternatives:
A breakthrough of the resistance area at 1.05929 – 1.06100 has the potential to push EURUSD up to the area of 1.06860 – 1.06953.
Resistance Levels:
- R1 1.06100
- R2 1.06953
- R3 1.07394
Support Levels:
- S1 1.05177
- S2 1.04757
- S3 1.04428
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