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EUR USD Technical Analysis May 8, 2023

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EUR USD Technical Analysis May 8, 2023

The EUR rose 0.07% against the USD on Friday and closed at 1.1018. Today in the European session, while EUR USD technical Analysis May 8, 2023, is prepared at 5:00 GMT, the pair is trading at 1.1036, which is 0.16% higher than yesterday’s close.

The pair is expected to find support at 1.1010 and a fall-through could take it to the next support level of 1.0970. The pair is expected to find its first resistance at 1.1050, and a rise-through could take it to the next resistance level of 1.1080. Today’s expected trading range is between 1.0945 support and 1.1090 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.1010
Support 2: 1.0970
Support 3: 1.0945

Important resistance levels:

Resistance 1: 1.1050
Resistance 2: 0.1080
Resistance 3: 0.1090

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