EURUSD Forex Analysis for Today, Monday (18-09-2023)

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EURUSD Tests Bearish Pressure as It Breaks Below Support

Analysis EURUSD – the strengthening of the US dollar has an impact on the movement of EURUSD. Where EURUSD is moving down, testing the support area at 1.06252.

Today’s Trading Strategy:

• There is an opportunity to Sell EURUSD today if it breaks below the 1.06372 – 1.06252 area, with potential downside towards the 1.05737 – 1.05500 area.

Alternative:

• If the support area at 1.06252 fails to break, it could potentially push EURUSD up towards the 1.07528 area.

Resistance Levels:

• R1: 1.07528
• R2: 1.07629
• R3: 1.07950

Support Levels:

• S1: 1.06372
• S2: 1.06252
• S3: 1.05737

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