EUR USD Technical Analysis Aug 16, 2023
The EUR declined 0.03% against the USD on Tuesday and closed at 1.0902. Today in the European session, while EUR USD technical Analysis Aug 16, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0918, which is 0.14% higher than yesterday’s close.
The pair is expected to find support at 1.0900 and a fall-through could take it to the next support level of 1.0875. The pair is expected to find its first resistance at 1.0935, and a rise-through could take it to the next resistance level of 1.0950. Today’s expected trading range is between 1.0835 support and 1.1000 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.0900
Support 2: 1.0875
Support 3: 1.0835
Important resistance levels:
Resistance 1: 1.0935
Resistance 2: 0.0950
Resistance 3: 0.1000
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