Technical Analysis : EUR/USD 18 May 2022

Forex Technical Analysis : EURUSD

Date : 18 May 2022

Pivot point : 1.0560

Our preference : short positions below 1.0560 with targets at 1.0505 & 1.0490 in extension.

Alternative scenario : above 1.0560 look for further upside with 1.0580 & 1.0600 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

1.0600 **
1.0580 *
1.0560
1.0531 – Last price
1.0505
1.0490 *
1.0470 **

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

Source : Trading Central

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