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EUR USD Technical Analysis Aug 18, 2023

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EUR USD Technical Analysis Aug 18, 2023

The EUR declined 0.05% against the USD on Thursday and closed at 1.0870. Today in the European session, while EUR USD technical Analysis Aug 18, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0855, which is 0.14% lower than yesterday’s close.

The pair is expected to find support at 1.0845 and a fall-through could take it to the next support level of 1.0835. The pair is expected to find its first resistance at 1.0890, and a rise-through could take it to the next resistance level of 1.0915. Today’s expected trading range is between 1.0805 support and 1.0950 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.0845
Support 2: 1.0835
Support 3: 1.0805

Important resistance levels:

Resistance 1: 1.0890
Resistance 2: 0.0915
Resistance 3: 0.0950

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