EURUSD Forex Analysis for Today – Tuesday (12-09-2023)
Bullish Bias Influences EURUSD Movement
Analysis for EURUSD – The correction of the US dollar is affecting the movement of EURUSD. EURUSD is moving upwards towards the resistance area of 1.08029 – 1.08106.
Today’s Trading Strategy:
There is an opportunity to Buy EURUSD today as long as it doesn’t break below the range of 1.06985 – 1.06825, with the potential to rise towards the area of 1.08029 – 1.08106.
Alternative:
A breakthrough below the support area of 1.06985 – 1.06825 could potentially push EURUSD down towards the area of 1.06320 – 1.06026.
Resistance Levels:
- R1: 1.08106
- R2: 1.08851
- R3: 1.09184
Support Levels:
- S1: 1.06825
- S2: 1.06026
- S3: 1.07777
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