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EUR USD Technical Analysis February 16, 2023

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EUR USD Technical Analysis February 16, 2023

The EUR declined 0.46% against the USD on Wednesday and closed at 1.0686. Today in the European session, while EUR USD technical Analysis February 16, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0682, which is 0.04% lower than yesterday’s close.

The pair is expected to find support at 1.0665 and a fall-through could take it to the next support level of 1.0655. The pair is expected to find its first resistance at 1.0720, and a rise-through could take it to the next resistance level of 1.0730. Today’s expected trading range is between 1.0625 support and 1.0800 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.0665
Support 2: 1.0655
Support 3: 1.0625

Important resistance levels:

Resistance 1: 1.0720
Resistance 2: 0.0730
Resistance 3: 0.0800

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