EUR USD Technical Analysis October 12, 2023
The EUR rose 0.13% against the USD on Wednesday and closed at 1.0618. Today in the European session, while EUR USD technical Analysis October 12, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0575, which is 0.41% lower than yesterday’s close.
The pair is expected to find support at 1.0570 and a fall-through could take it to the next support level of 1.0555. The pair is expected to find its first resistance at 1.0670, and a rise-through could take it to the next resistance level of 1.0670. Today’s expected trading range is between 1.04520 support and 1.0700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.0570
Support 2: 1.0555
Support 3: 1.0520
Important resistance levels:
Resistance 1: 1.0640
Resistance 2: 0.0670
Resistance 3: 0.0700
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