EURUSD Forex Analysis for Today, Thursday(12-10-2023)
Bullish Bias Accompanies EURUSD
EURUSD Analysis – The weakening of the US dollar affects the movement of EURUSD. EURUSD is rising towards the resistance area of 1.06631 – 1.06774.
Today’s Trading Strategy:
There is a potential to Buy EURUSD today as long as it does not break below the 1.05773 – 1.05647 area, with the potential to rise to the area of 1.06631 – 1.06774.
Alternatives:
A breakthrough of the support area at 1.05773 – 1.05647 could potentially push EURUSD down to the area of 1.05223 – 1.05152.
Resistance:
- R1 1.06774
- R2 1.07114
- R3 1.07567
Support:
- S1 1.05647
- S2 1.05152
- S3 1.04757
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