EUR USD Technical Analysis May 20, 2022
The EUR rose 1.15% against the USD on Thursday and closed at 1.0585. Today in the Asian session, while EUR USD technical Analysis May 20, 2022, is preparing at 5:15 GMT, the pair is trading at 1.0561, which is 0.23% lower than yesterday’s close.
The pair is expected to find support at 1.0550 and a fall through could take it to the next support level of 1.0500. The pair is expected to find its first resistance at 1.0606, and a rise through could take it to the next resistance level of 1.0640. Today’s expected trading range is between 1.0460 support and 1.0700 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.0550
Support 2: 1.0500
Support 3: 1.0460
Important resistance levels:
Resistance 1: 1.0606
Resistance 2: 1.0640
Resistance 3: 1.0700
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