Daily Technical Analysis Of EURUSD - Friday, May 19

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

AAATrade Market Research Department.

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