EUR USD Technical Analysis May 9, 2022
The EUR rose 0.04% against the USD on Friday and closed at 1.0543. Today in the Asian session, while EUR USD technical Analysis May 9, 2022, is preparing at 5:15 GMT, the pair is trading at 1.0505, which is 0.35% lower than yesterday’s close.
The pair is expected to find support at 1.0485 and a fall through could take it to the next support level of 1.0473. 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 1.0420 support and 1.0635 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0485
Support 2: 1.0473
Support 3: 1.0420
Important resistance levels:
Resistance 1: 1.0554
Resistance 2: 1.0595
Resistance 3: 1.0635