EUR USD Technical Analysis January 16, 2023
The EUR declined 0.16% against the USD on Friday and closed at 1.0832. Today in the European session, while EUR USD technical Analysis January 16, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0835, which is 0.03% higher than yesterday’s close.
The pair is expected to find support at 1.0785 and a fall-through could take it to the next support level of 1.0710. The pair is expected to find its first resistance at 1.0870, and a rise-through could take it to the next resistance level of 1.0900. Today’s expected trading range is between 1.0660 support and 1.0930 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0785
Support 2: 1.0730
Support 3: 1.0660
Important resistance levels:
Resistance 1: 1.0870
Resistance 2: 0.0900
Resistance 3: 0.0830
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