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EUR USD Technical Analysis October 17, 2023

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EUR USD Technical Analysis October 17, 2023

The EUR rose 0.46% against the USD on Monday and closed at 1.0558. Today in the European session, while EUR USD technical Analysis October 17, 2023, is prepared at 5:00 GMT, the pair is trading at 1.0550, which is 0.07% lower than yesterday’s close.

The pair is expected to find support at 1.0525 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 1.0550, and a rise-through could take it to the next resistance level of 1.0580. Today’s expected trading range is between 1.0450 support and 1.0635 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.0525
Support 2: 1.0500
Support 3: 1.0450

Important resistance levels:

Resistance 1: 1.0560
Resistance 2: 0.0580
Resistance 3: 0.0635

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