EUR USD Technical Analysis October 19, 2023
The EUR declined 0.39% against the USD on Wednesday and closed at 1.0534. Today in the European session, while EUR USD technical Analysis October 19, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0535, which is 0.01% higher than yesterday’s close.
The pair is expected to find support at 1.0525 and a fall-through could take it to the next support level of 1.0500. The pair is expected to find its first resistance at 1.0550, and a rise-through could take it to the next resistance level of 1.0590. Today’s expected trading range is between 1.0485 support and 1.0635 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.0525
Support 2: 1.0500
Support 3: 1.0485
Important resistance levels:
Resistance 1: 1.0550
Resistance 2: 0.0590
Resistance 3: 0.0635
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