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USD/Analysis: Key Levels at 3.4932 – Your Strategy for the Next Move

The USD is currently at a critical level of 3.4932, making it a pivotal point for traders. This price is testing both support and resistance zones, offering an exciting opportunity for strategic entries.

Support: Watch for 3.4900 and 3.4850 as key levels where the price may bounce, creating an ideal entry for a bullish move. A solid price hold above 3.4932 could signal a breakout, aiming for higher resistance targets at 3.5000 and 3.5100.

Resistance: If 3.4932 fails to hold, a move below this level could indicate a bearish retracement. Look for strong selling momentum and a potential pullback to lower support levels, giving you an entry to capitalize on the downward move.

Entry Strategy: For bullish entries, aim for confirmation above 3.4932 with strong candlestick patterns like Bullish Engulfing or Hammer. For bearish entries, look for a break below 3.4932, followed by a Bearish Engulfing or Doji to signal downward momentum.

With volatility at play, these levels present opportunities for both short-term traders and long-term investors. Stay alert, manage your risk, and execute your strategy with precision!

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