Technical Analysis : EUR/USD 16 May 2024

Forex Technical Analysis : EURUSD

Date : 16 May 2024

Momentum : Up

First Scenario : long positions above 1.08695 with targets at 1.09061, 1.09426 and 1.09813

Second Scenario : short positions below 1.08695 with targets at 1.08345, 1.07901 and 1.07595

Comment : There is no clear trend in the price movement.

Supports and resistances :

1.09813 **
1.09426 *
1.09061
1.08779 - Last price
1.08345
1.07901 *
1.07595 **

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