EURUSD Forex Analysis for Today, Friday (03-11-2023)
EURUSD Potential Upside, Seek Buying Confirmation
EURUSD analysis – The weakening US dollar is influencing the movement of EURUSD. EURUSD is rebounding towards the resistance area.
Today’s Trading Strategy:
There is a potential to BUY EURUSD today as long as it does not break below the range of 1.05799 – 1.05527, with the potential to rise to the range of 1.06624 – 1.06780.
Alternative:
If there is a breakthrough below the support area of 1.05799 – 1.05527, it could potentially push EURUSD down to the range of 1.05266 – 1.05102.
Resistance Levels:
- R1 1.06780
- R2 1.07394
- R3 1.07696
Support Levels:
- S1 1.05527
- S2 1.05102
- S3 1.04428
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