Daily Technical Analysis Of EURUSD - Monday, May 29

macbook pro on black table

Image Source: Unsplash
 

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 today the FX pair is in a downtrend, and it is currently traded 20 pips above its support level, at the rate of $1.0730. Today, if it holds above the support level of $1.07-1.0710, we should expect it to rise towards its resistance level at around $1.0750 and if it is able to break through it, then it could reach the next one at $1.0820.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of EURUSD - 29/05/2023


More By This Author:

Daily Technical Analysis Of EURUSD - Friday, May 26
Intraday Technical Analysis Of Snowflake Inc. - Friday, May 26
Daily Technical Analysis Of EURUSD - May 24

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with