EURUSD Forex Analysis for Today, Tuesday (17-10-2023)
www.forexeducation.forexsahara.comEURSD Rebound Heading Towards Resistance Area
EURUSD Analysis – The weakening of the US dollar is influencing the movement of EURUSD. Currently, EURUSD has the potential to rise towards the resistance area.
Today’s Trading Strategy:
There is a buying opportunity for EURUSD today as long as it does not break below the 1.04999 – 1.04757 area. The potential upside target is the range between 1.05771 and 1.05900.
Alternatives:
If there is a breakthrough below the support area of 1.04999 – 1.04757, it has the potential to push EURUSD down to the range of 1.04576 – 1.04428.
Resistance Levels
- R1: 1.05900
- R2: 1.06401
- R3: 1.06774
Support Levels
- S1: 1.04757
- S2: 1.04428
- S3: 1.03987
forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast