EURUSD Forex Analysis for Today, Wednesday (3-1-2024)
Caution! EURUSD Still Under Pressure
EURUSD Analysis – Strength in the US dollar is exerting pressure on EURUSD. From the H1 timeframe chart, there is potential for a correction in price before resuming its downward trend. Pay attention to the resistance area.
Today’s Trading Strategy:
- SELL at Area 1.0905
Target: 1.0869 - Alternatives:
BUY STOP 1.1011
Target: 1.1081
Resistance
- R1 1.1011
- R2 1.1081
Support
- S1 1.0905
- S2 1.0869
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