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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD 24.5.2023

Technical Analysis
Wednesday, May 24, 2023 - 13:01
Point Trader Group
EURUSD 24.5.2023

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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