EURUSD Forex Analysis for Today – Tuesday (03-10-2023)
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EURUSD Potential Downward Movement, Look for Selling Confirmation
Analysis EURUSD – The strengthening of the US dollar is affecting the movement of EURUSD, where EURUSD is decreasing towards the support area of 1.04522 – 1.04339.
Today’s Trading Strategy:
There is an opportunity to Sell EURUSD today if it breaks below the range of 1.04522 – 1.04339, with the potential to drop to the area of 1.03975 – 1.03740.
Alternative:
If the support area of 1.04522 – 1.04339 fails to break, it has the potential to push EURUSD up to the area of 1.05851 – 1.05929.
Resistance Levels
- R1: 1.05929
- R2: 1.06223
- R3: 1.06769
Support Levels
- S1: 1.04339
- S2: 1.03740
- S3: 1.03227
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