EUR USD Technical Analysis May 6, 2022
The EUR declined 0.74% against the USD on Thursday and closed at 1.0541. Today in the Asian session, while EUR USD technical Analysis May 6, 2022, is preparing at 3:15 GMT, the pair is trading at 1.0497, which is 0.42% lower than yesterday’s close.
The pair is expected to find support at 1.0472 and a fall through could take it to the next support level of 1.0400. The pair is expected to find its first resistance at 1.0510, and a rise through could take it to the next resistance level of 1.0550. Today’s expected trading range is between 1.0400 support and 1.0635 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0472
Support 2: 1.0400
Support 3: 1.0350
Important resistance levels:
Resistance 1: 1.0510
Resistance 2: 1.0550
Resistance 3: 1.0635
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