EURUSD Forex Analysis for Today – Monday (25-09-2023)
www.forexeducation.forexsahara.comEURUSD Consolidation, Bearish Sentiment Still Looms
Analysis of EURUSD – The strengthening of the US dollar is affecting the movement of EURUSD, where EURUSD is testing the support area of 1.06223 – 1.06097.
Today’s Trading Strategy:
There is a potential to SELL EURUSD today if it breaks below the area of 1.06223 – 1.06097, with the potential to decline to the area of 1.05810 – 1.05619.
Alternative:
A breakthrough of the resistance area at 1.06626 – 1.06769 has the potential to push EURUSD up to the area of 1.07323 – 1.07389.
Resistance Levels
- R1: 1.06769
- R2: 1.07389
- R3: 1.07737
Support Levels
- S1: 1.06097
- S2: 1.05619
- S3: 1.05265
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