EUR USD Technical Analysis May 16, 2022
The EUR rose 0.29% against the USD on Friday and closed at 1.0407. Today in the Asian session, while EUR USD technical Analysis May 16, 2022, is preparing at 5:15 GMT, the pair is trading at 1.0397, which is 0.10% lower than yesterday’s close.
The pair is expected to find support at 1.0355 and a fall through could take it to the next support level of 1.0335. The pair is expected to find its first resistance at 1.0415, and a rise through could take it to the next resistance level of 1.0440. Today’s expected trading range is between 1.0280 support and 1.0485 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0355
Support 2: 1.0335
Support 3: 1.0280
Important resistance levels:
Resistance 1: 1.0415
Resistance 2: 1.0440
Resistance 3: 1.0485
GBP/USD Technical Analysis May 16, 2022
USD/JPY Technical Analysis May 16, 2022
USD/CAD Technical Analysis May 16, 2022