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EURUSD Exhibits Bullish Bias, Attempting to Break Resistance
Analysis of EURUSD – The correction in the US dollar is impacting the movement of EURUSD. EURUSD is currently moving upwards towards the resistance zone of 1.07629 – 1.07740.
Today’s Trading Strategy:
There is an opportunity to buy EURUSD today if it breaks above the range of 1.07629 – 1.07740, with the potential upside target being the range of 1.08029 – 1.08106.
Alternative:
If the resistance area of 1.07629 – 1.07740 fails to be breached, it could potentially push EURUSD down to the range of 1.06985 – 1.06825.
Resistance
- R1: 1.07740
- R2: 1.08106
- R3: 1.08851
Support
- S1: 1.06825
- S2: 1.06026
- S3: 1.07777
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