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EUR USD Technical Analysis November 16, 2022

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EUR USD Technical Analysis November 16, 2022

The EUR rose 0.22% against the USD on Tuesday and closed at 1.0348. Today in the European session, while EUR USD technical Analysis November 16, 2022, is prepared at 5:00 GMT, the pair is trading at 1.0423, which is 0.73% higher than yesterday’s close.

The pair is expected to find support at 1.0340 and a fall through could take it to the next support level of 1.0285. The pair is expected to find its first resistance at 1.0460, and a rise through could take it to the next resistance level of 1.0480. Today’s expected trading range is between 1.0255 support and 1.0500 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.0340
Support 2: 1.0285
Support 3: 1.0255

Important resistance levels:

Resistance 1: 1.0460
Resistance 2: 0.0480
Resistance 3: 0.0500

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