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EUR USD Technical Analysis December 7, 2022

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EUR USD Technical Analysis December 7, 2022

The EUR declined 0.25% against the USD on Tuesday and closed at 1.0464. Today in the European session, while EUR USD technical Analysis December 7, 2022, is prepared at 5:00 GMT, the pair is trading at 1.0471, which is 0.07% higher than yesterday’s close.

The pair is expected to find support at 1.0440 and a fall through could take it to the next support level of 1.0430. The pair is expected to find its first resistance at 1.0485, and a rise through could take it to the next resistance level of 1.0530. Today’s expected trading range is between 1.0395 support and 1.0590 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.0440
Support 2: 1.0430
Support 3: 1.0395

Important resistance levels:

Resistance 1: 1.0485
Resistance 2: 0.0530
Resistance 3: 0.0590

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