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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