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EUR USD Technical Analysis May 18, 2022

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EUR USD Technical Analysis May 18, 2022

The EUR rose 1.09% against the USD on Tuesday and closed at 1.05490. Today in the Asian session, while EUR USD technical Analysis May 18, 2022, is preparing at 5:15 GMT, the pair is trading at 1.0510, which is 0.37% higher than yesterday’s close.

The pair is expected to find support at 1.0495 and a fall through could take it to the next support level of 1.0466. The pair is expected to find its first resistance at 1.0560, and a rise through could take it to the next resistance level of 1.0575. Today’s expected trading range is between 1.0466 support and 1.0635 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.0495
Support 2: 1.0466
Support 3: 1.0390

Important resistance levels:

Resistance 1: 1.0560
Resistance 2: 1.0575
Resistance 3: 1.0635

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