EUR USD Technical Analysis October 16, 2023
The EUR declined 0.22% against the USD on Friday and closed at 1.0505. Today in the European session, while EUR USD technical Analysis October 16, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0542, which is 0.35% higher than yesterday’s close.
The pair is expected to find support at 1.0500 and a fall-through could take it to the next support level of 1.0485. The pair is expected to find its first resistance at 1.0545, and a rise-through could take it to the next resistance level of 1.0555. Today’s expected trading range is between 1.0450 support and 1.0580 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0500
Support 2: 1.0485
Support 3: 1.0450
Important resistance levels:
Resistance 1: 1.0545
Resistance 2: 0.0555
Resistance 3: 0.0580
GBP/USD Technical Analysis October 16, 2023
USD/JPY Technical Analysis October 16, 2023
USD/CAD Technical Analysis October 16, 2023