EUR USD Technical Analysis May 11, 2023
The EUR rose 0.20% against the USD on Wednesday and closed at 1.0983. Today in the European session, while EUR USD technical Analysis May 11, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0933, which is 0.45% lower than yesterday’s close.
The pair is expected to find support at 1.0920 and a fall-through could take it to the next support level of 1.0900. The pair is expected to find its first resistance at 1.0980, and a rise-through could take it to the next resistance level of 1.1000. Today’s expected trading range is between 1.0880 support and 1.1050 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.0920
Support 2: 1.0900
Support 3: 1.0880
Important resistance levels:
Resistance 1: 1.0980
Resistance 2: 0.1000
Resistance 3: 0.1050
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