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EUR USD Technical Analysis May 5, 2022

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EUR USD Technical Analysis May 5, 2022

The EUR rose 0.97% against the USD on Wednesday and closed at 1.0621. Today in the Asian session, while EUR USD technical Analysis May 5, 2022, is preparing at 3:15 GMT, the pair is trading at 1.0622, which is 0.01% higher than yesterday’s close.

The pair is expected to find support at 1.0577 and a fall through could take it to the next support level of 1.0510. The pair is expected to find its first resistance at 1.0660, and a rise through could take it to the next resistance level of 1.0735. Today’s expected trading range is between 1.0490 support and 1.0735 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.0577
Support 2: 1.0510
Support 3: 1.0490

Important resistance levels:

Resistance 1: 1.0660
Resistance 2: 1.0735
Resistance 3: 1.0760

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