Daily Technical Analysis Of EURUSD - Wednesday, May 31

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 the FX pair has been in a downtrend in the past month, and it is currently traded at the rate of around $1.0685 after failing to pass the resistance level at around $1.0750. Today, we should expect it to test the support level at around $1.0670 and if it fails to stay afloat, then it could drift lower towards the level of $1.06-1.0630.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of EURUSD - 31/05/2023


More By This Author:

Daily Technical Analysis Of GBPUSD – Tuesday, May 30
Technical Analysis Of Golar LNG Limited
Daily Technical Analysis Of EURUSD - Monday, May 29

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