EURUSD Forex Analysis for Today
Bullish Bias Prevails in EURUSD, Seek Buying Confirmation
Analysis of EURUSD – The weakening of the US dollar is influencing the movement of EURUSD. EURUSD is once again rising, heading towards the resistance zone of 1.05889 – 1.06083.
Today’s Trading Strategy: There is an opportunity to buy EURUSD today if it breaks above the area of 1.05889 – 1.06083, with the potential to rise to the area of 1.06626 – 1.06769.
Alternative: A breakthrough below the support zone of 1.05218 – 1.05147 could potentially push EURUSD down to the area of 1.04925 – 1.04752.
Resistance Levels:
- R1: 1.06083
- R2: 1.06769
- R3: 1.07124
Support Levels:
- S1: 1.05147
- S2: 1.04752
- S3: 1.04423
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