EURUSD Successfully Rebounds
Analysis of EURUSD – The strengthening of the US dollar is affecting the movement of EURUSD. EURUSD remains under bearish pressure but has managed to rebound.
Today’s Trading Strategy:
There is a selling opportunity for EURUSD today if it falls below the 1.06372 – 1.06252 range, with the potential target ranging from 1.05737 to 1.05500.
Alternative:
If the support area at 1.06252 holds and is not breached, it may lead to an increase in EURUSD towards the 1.07528 level.
Resistance Levels:
- R1: 1.07528
- R2: 1.07629
- R3: 1.07950
Support Levels:
- S1: 1.06372
- S2: 1.06252
- S3: 1.05737
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