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EUR USD Technical Analysis May 18, 2023

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EUR USD Technical Analysis May 18, 2023

The EUR declined 0.23% against the USD on Wednesday and closed at 1.0837. Today in the European session, while EUR USD technical Analysis May 18, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0811, which is 0.25% lower than yesterday’s close.

The pair is expected to find support at 1.0807 and a fall-through could take it to the next support level of 1.0790. The pair is expected to find its first resistance at 1.0845, and a rise-through could take it to the next resistance level of 1.0870. Today’s expected trading range is between 1.0730 support and 1.0900 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.0807
Support 2: 1.0790
Support 3: 1.0730

Important resistance levels:

Resistance 1: 1.0845
Resistance 2: 0.0870
Resistance 3: 0.0900

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