EURUSD Forex Analysis for Today, Monday (23-10-2023)
EURSD Held at Resistance Area
EURUSD Analysis – EURUSD is moving upward and is currently held at a resistance area.
Today’s Trading Strategy:
There is a possibility to SELL EURUSD today as long as it does not break above the range of 1.06046 – 1.06202 with the potential target being the area of 1.05317 – 1.05177.
Alternative:
If there is a breakthrough above the resistance area of 1.06046 – 1.06202, it may potentially drive EURUSD up to the range of 1.06282 – 1.06401.
Resistance Levels:
- R1 1.06202
- R2 1.06401
- R3 1.05177
Support Levels:
- S1 1.05177
- S2 1.04757
- S3 1.04428
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