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EURUSD on the Rise, Seek Buying Confirmation

EURUSD Analysis – EURUSD under bullish pressure amid US dollar weakness

Today’s Trading Strategy:

Opportunity to BUY EURUSD today as long as it doesn’t break below the range of 1.09049 – 1.08808, potential rise towards the range of 1.09956 – 1.10362

Alternatives:

If there’s a breakthrough below the support area of 1.09049 – 1.08808, it might push EURUSD down towards the area of 1.08289 – 1.08215

Resistance

• R1: 1.10362
• R2: 1.10754
• R3: 1.11087

Support

• S1: 1.08808
• S2: 1.08215
• S3: 1.06537

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