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Bullish Accompanying EURUSD Movement
EURUSD Analysis – The weakening of the US dollar has an impact on the movement of EURUSD. Where EURUSD rebounded towards the resistance area of 1.06102 – 1.06228.
Today’s Trading Strategy:
There is a buying opportunity for EURUSD today if it breaks above the area of 1.06102 – 1.06228, with the potential to rise to the area of 1.06631 – 1.06774.
Alternative:
If the resistance area of 1.06102 – 1.06228 fails to break, it may potentially push EURUSD down to the area of 1.04576 – 1.04428.
Resistance
- R1 1.06228
- R2 1.06774
- R3 1.07114
Support
- S1 1.04428
- S2 1.03740
- S3 1.03258
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