Daily Technical Analysis Of EURUSD - Monday, May 22

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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 the FX pair has been in a downtrend, and it is currently traded at the rate of around $1.0822. Today, if it holds above the support level which is located at around $1.079-1.08, then we should expect it to rise towards its resistance level at around $1.0840-1.0850 and if it is able to pass it, then it could approach the next resistance level at around $1.0885.

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AAATrade's Daily Technical Analysis of EURUSD - 22/05/2023


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Disclaimer: We also offer CFD products. 70.91% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

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