EURUSD Rises Toward Resistance Area

EURUSD Analysis: The correction of the US dollar has influenced the movement of EURUSD. EURUSD is currently rising towards the resistance area of 1.07513 – 1.07740.

Today’s Trading Strategy:

There is an opportunity to buy EURUSD today if it breaks above the 1.07513 – 1.07740 area, with the potential for an upward move towards the range of 1.08029 – 1.08106.

Alternatives:

If the resistance area of 1.07513 – 1.07740 fails to be breached, it could potentially push EURUSD lower to the range of 1.06985 – 1.06825.

Resistance Levels:

• R1: 1.07740
• R2: 1.08106
• R3: 1.08851

Support Levels:

• S1: 1.06825
• S2: 1.06026
• S3: 1.07777

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