Daily Technical Analysis Of EURUSD - May 24

Spotlight on EURGBP.


The latest daily technical analysis reveals the key support and resistance levels that each of these assets is likely to reach today. 



Looking at EURGBP’s chart, we can see that today the FX pair broke down its support level which was located at around £0.8670 due to the recent announcement of UK’s CPI and it is currently traded at the rate of around £0.8663. Today, we should expect GBP to continue getting stronger than EUR, so we could see the rate of the forex pair even lower forming a new low rate for the year whereas its next support level is located at around £0.8580. 

AAATrade's Daily Technical Analysis of EURGBP - 24/05/2023

AAATrade Market Research Department.

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