EUR USD Technical Analysis May 17, 2022
The EUR rose 0.26% against the USD on Monday and closed at 1.0433. Today in the Asian session, while EUR USD technical Analysis May 17, 2022, is preparing at 5:15 GMT, the pair is trading at 1.0438, which is 0.05% higher than yesterday’s close.
The pair is expected to find support at 1.0390 and a fall through could take it to the next support level of 1.0353. The pair is expected to find its first resistance at 1.0453, and a rise through could take it to the next resistance level of 1.0483. Today’s expected trading range is between 1.0300 support and 1.0500 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0390
Support 2: 1.0353
Support 3: 1.0300
Important resistance levels:
Resistance 1: 1.0453
Resistance 2: 1.0485
Resistance 3: 1.0500
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