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EUR USD Technical Analysis August 12, 2022

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EUR USD Technical Analysis August 12, 2022

The EUR rose 0.20% against the USD on Thursday and closed at 1.0319. Today in the European session, while EUR USD technical Analysis August 12, 2022, is preparing at 5:00 GMT, the pair is trading at 1.0280, which is 0.37% lower than yesterday’s close.

The pair is expected to find support at 1.0275 and a fall through could take it to the next support level of 1.0250. The pair is expected to find its first resistance at 1.0325, and a rise through could take it to the next resistance level of 1.0365. Today’s expected trading range is between 1.0205 support and 1.0400 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.0275
Support 2: 1.0250
Support 3: 1.0205

Important resistance levels:

Resistance 1: 1.0325
Resistance 2: 1.0365
Resistance 3: 1.0400

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