Daily Technical Analysis Of EURUSD - Tuesday, May 2

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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 is currently traded at the rate of around $1.0990. Today, if it manages to hold it above the support level of around $1.0975-1.0980, then we should expect it to rise towards its resistance level at around $1.1015, and if it breaks through it, then it could approach the next one which is located at around $1.1050.

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AAATrade's Daily Technical Analysis of EURUSD - 02/05/2023


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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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