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EURUSD on the Rise, Watch for Resistance Breakout
Analysis for EURUSD – EURUSD is moving upwards amidst a weakening US dollar; pay attention to the breakout of resistance.
Today’s Trading Strategy:
Opportunity to BUY EURUSD today if it breaks above the range of 1.09598 – 1.09667, with the potential to rise towards the range of 1.09960 – 1.10138.
Alternatively:
If the resistance area between 1.09598 – 1.09667 fails to be breached, it may push EURUSD down towards the range of 1.08972 – 1.08825.
Resistance Levels:
- R1: 1.09667
- R2: 1.10138
- R3: 1.10888
Support Levels:
- S1: 1.08825
- S2: 1.08467
- S3: 1.08215
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