Daily Technical Analysis Of EURUSD - Friday, June 23

By AAATrade of aaatrade.com

Jun 23, 2023 at 9:40 AM EDT

Looking at EURUSD’s chart, we can see that EUR had been gaining ground over USD in the past week, reaching the level above the rate of $1.10.

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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 EUR had been gaining ground over USD in the past week, reaching the level above the rate of $1.10 and after Powell’s testimony, USD had started to gain back some ground, dropping the rate to the current level at around $1.0925. Today, it could test the support level at around $1.09-1.0910, and if it is able to hold it above that level, then it should react towards its resistance level which is located at around the rate of $1.0940.-1.0950, otherwise it should continue falling towards the next support level at around $1.0850.

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AAATrade's Daily Technical Analysis of EURUSD - 23/06/2023

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