EURUSD Forex Analysis for Today, Tuesday (07-11-2023)




EURUSD Forex Analysis for Today, Tuesday (07-11-2023)

EURUSD Forex Analysis for Today, Tuesday (07-11-2023)

Bullish Trend in EURUSD, Keep an Eye on Support

EURUSD analysis: EURUSD has corrected downward, and it is currently approaching the support area.

Today’s Trading Strategy:

There is a potential BUY opportunity for EURUSD today as long as it doesn’t break below the range of 1.06290 – 1.06036, with the potential to rise towards the range of 1.07508 – 1.07691.

Alternative Scenario:

If the support area of 1.06290 – 1.06036 is breached, it may press EURUSD down to the range of 1.05262 – 1.05097.

Resistance Levels

  • R1: 1.07691
  • R2: 1.08045
  • R3: 1.08888

Support Levels

  • S1: 1.06036
  • S2: 1.05097
  • S3: 1.04752


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