EURUSD Forex Analysis for Today

EURUSD Held at Support, Potential Rebound

EURUSD Analysis – The decline in EURUSD is held at the support area with the potential for a rebound.

Today’s Trading Strategy:

There is a buying opportunity for EURUSD today as long as it doesn’t break below the range of 1.06699 – 1.06545, with the potential to rise towards the range of 1.07506 – 1.07667.

Alternatives:

If the support area of 1.06699 – 1.06545 is breached, it may push EURUSD down to the range of 1.06290 – 1.06036.

Resistance

• R1: 1.07667
• R2: 1.08275
• R3: 1.08888

Support

• S1: 1.06545
• S2: 1.06036
• S3: 1.05097

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