EUR USD Technical Analysis August 16, 2022
The EUR declined 1.02% against the USD on Monday and closed at 1.0159. Today in the European session, while EUR USD technical Analysis August 16, 2022, is preparing at 5:00 GMT, the pair is trading at 1.0162, which is 0.02% higher than yesterday’s close.
The pair is expected to find support at 1.0145 and a fall through could take it to the next support level of 1.0122. The pair is expected to find its first resistance at 1.0187, and a rise through could take it to the next resistance level of 1.0200. Today’s expected trading range is between 1.0100 support and 1.0240 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.0145
Support 2: 1.0122
Support 3: 1.0100
Important resistance levels:
Resistance 1: 1.0187
Resistance 2: 1.0200
Resistance 3: 1.0240
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