EURUSD 23.5.2023

Technical Analysis
Tuesday, May 23, 2023 - 10:57
Point Trader Group

General trend: downward.

Expected scenario:

The pair is trading below a strong resistance level around 1.0830, which enhances chances of a drop to 1.0715.

Alternative scenario:

The scenario fails, and it turns to the upside, with a break of 1.0830, targeting 1.0900.

The most important levels

resistance:

1.0830 – 1.0900

support:

1.0715 – 1.0610

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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