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EUR USD Technical Analysis May 2, 2023

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EUR USD Technical Analysis May 2, 2023

The EUR declined 0.40% against the USD on Monday and closed at 1.0975. Today in the European session, while EUR USD technical Analysis May 2, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0968, which is 0.07% lower than yesterday’s close.

The pair is expected to find support at 1.0950 and a fall-through could take it to the next support level of 1.0940. The pair is expected to find its first resistance at 1.1000, and a rise-through could take it to the next resistance level of 1.1040. Today’s expected trading range is between 1.0915 support and 1.1060 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.0950
Support 2: 1.0940
Support 3: 1.0915

Important resistance levels:

Resistance 1: 1.1000
Resistance 2: 0.1040
Resistance 3: 0.1060

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