Technical Analysis : EUR/USD 17 May 2023

Forex Technical Analysis : EURUSD

Date : 17 May 2023

Momentum : Up

First Scenario : long positions above 1.08570 with targets at 1.08740, 1.08835 and 1.08990

Second Scenario : short positions below 1.08570 with targets at 1.08470, 1.08300 and 1.08169

Comment : The price movement is no clear trend.

Supports and resistances :

1.08990 **
1.08835 *
1.08740
1.08611 - Last price
1.08470
1.08300 *
1.08169 **

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