Technical Analysis : EUR/USD 16 May 2023

Forex Technical Analysis : EURUSD

Date : 16 May 2023

Momentum : Down

First Scenario : short positions below 1.08846 with targets at 1.08630, 1.08470 and 1.08392

Second Scenario : long positions above 1.08846 with targets at 1.05640, 1.09100 and 1.09170

Comment : The price movement is no clear trend.

Supports and resistances :

1.09170 **
1.09100 *
1.05640
1.08783 - Last price
1.08630
1.08470 *
1.08392 **

Warning : This information is not a buy-sell signal.