EURUSD Approaching Resistance Again, Still in a Downtrend

EURUSD Analysis – The strengthening of the USD continues to impact EURUSD, with potential further decline expected today.

Today’s Trading Strategy:

• SELL in the range of 1.08039-1.08202
• Target: 1.07939-1.07776
• Alternative:
• BUY STOP @1.08250
• Target: 1.08318-1.08466

Resistance Levels

• R1 1.08250
• R2 1.08318
• R3 1.08466

Support Levels

• S1 1.08039
• S2 1.08202
• S3 1.07939
• S4 1.07776

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