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EUR USD Technical Analysis May 2, 2022

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EUR USD Technical Analysis May 2, 2022

The EUR rose 0.46% against the USD on Friday and closed at 1.0546. Today in the Asian session, while EUR USD technical Analysis May 2, 2022, is preparing at 2:15 GMT, the pair is trading at 1.0527, which is 0.17% lower than yesterday’s close.

The pair is expected to find support at 1.0490 and a fall through could take it to the next support level of 1.0470. The pair is expected to find its first resistance at 1.0595, and a rise through could take it to the next resistance level of 1.0650. Today’s expected trading range is between 1.0430 support and 1.0700 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.0490
Support 2: 1.0470
Support 3: 1.0430

Important resistance levels:

Resistance 1: 1.0595
Resistance 2: 1.0650
Resistance 3: 1.0700

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