EURUSD Forex Analysis for Today – Thursday (28-09-2023)
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Bearish Pressure Accompanies EURUSD Movement
EURUSD Analysis – The strengthening of the US dollar is affecting the EURUSD movement, with EURUSD declining to test the support area of 1.05169 – 1.04905.
Today’s Trading Strategy:
There is an opportunity to SELL EURUSD today if it breaks below the 1.05169 – 1.04905 range, with the potential to drop to the area of 1.04565 – 1.04377.
Alternatives:
If the support area of 1.05169 – 1.04905 fails to be breached, it has the potential to push EURUSD up to the area of 1.05604 – 1.05743.
Resistance Levels:
- R1: 1.05743
- R2: 1.06159
- R3: 1.06769
Support Levels:
- S1: 1.04905
- S2: 1.04377
- S3: 1.03985
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