EURUSD Forex Analysis for Today – Monday (04-12-2023)





EURUSD Forex Analysis for Today – Monday (04-12-2023)

EURUSD Potential Rebound, Seek Buying Opportunities

EURUSD Analysis – Weakness in the US dollar could support the rise of EURUSD, with the potential for prices to move towards the resistance area.

Today’s Trading Strategy:

  • BUY at Range 1.08731 – 1.08291
  • Target: 1.09003 – 1.09223
  • Alternative:
    • SELL STOP @1.08291
    • Target: 1.06702 – 1.06537

Resistance

  • R1 1.08291
  • R2 1.06702
  • R3 1.06537

Support

  • S1 1.08731
  • S2 1.08291
  • S3 1.09003
  • S4 1.09223


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