EUR USD Technical Analysis October 20, 2023
The EUR rose 0.43% against the USD on Thursday and closed at 1.0580. Today in the European session, while EUR USD technical Analysis October 20, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0587, which is 0.07% higher than yesterday’s close.
The pair is expected to find support at 1.0565 and a fall-through could take it to the next support level of 1.0530. The pair is expected to find its first resistance at 1.0615, and a rise-through could take it to the next resistance level of 1.0635. Today’s expected trading range is between 1.0500 support and 1.0670 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0565
Support 2: 1.0530
Support 3: 1.0500
Important resistance levels:
Resistance 1: 1.0615
Resistance 2: 0.0635
Resistance 3: 0.0670
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