Daily Technical Analysis Of EURUSD - Friday, May 19

By AAATrade of aaatrade.com

May 19, 2023 at 6:10 AM EDT

Looking at EURUSD’s chart, we can see that the FX pair has been in a downtrend after reaching the peak of the year at the rate of around $1.1075, and since then, it has been dropping to the current rate of around $1.0783.

Spotlight on EURUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

EURUSD

Looking at EURUSD’s chart, we can see that the FX pair has been in a downtrend after reaching the peak of the year at the rate of around $1.1075, and since then, it has been dropping to the current rate of around $1.0783. Today, if it holds above the support level which is located at around $1.0760, then we should expect it to rise towards its resistance level at around $1.0840-1.0850.

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AAATrade's Daily Technical Analysis of EURUSD - 19/05/2023

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