EURUSD Market Analysis for Today
Date: Friday, November 17, 2023
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EURUSD Consolidation, Poised for Higher Upside
Analysis of EURUSD – EURUSD continues to exhibit a sideways movement, with a bullish bias still overshadowing EURUSD.
Today’s Trading Strategy:
Opportunity to BUY EURUSD today if it breaks above the range of 1.08853 – 1.09019, with potential upside towards the area of 1.09599 – 1.09966.
Alternatives:
A breach of the support area between 1.08360 – 1.08254 could exert downward pressure on EURUSD, pushing it towards the area of 1.07441 – 1.07258.
Resistance Levels:
- R1: 1.09019
- R2: 1.09966
- R3: 1.10754
Support Levels:
- S1: 1.08254
- S2: 1.07258
- S3: 1.06537
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