Technical Analysis : EUR/USD 12 May 2022

Forex Technical Analysis : EURUSD

Date : 12 May 2022

Pivot point : 1.0540

Our preference : short positions below 1.0540 with targets at 1.0500 & 1.0480 in extension.

Alternative scenario : above 1.0540 look for further upside with 1.0555 & 1.0575 as targets.

Comment : the RSI is mixed to bearish.

Supports and resistances :

1.0575 **
1.0555 *
1.0540
1.0519 – Last price
1.0500
1.0480 *
1.0470 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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