EUR/USD Daily Chart Analysis For Week of May 12, 2023
Technical Analysis and Outlook:
Over the week, the currency's price action nose-dived and hit our Inner Coin Dip of 1.085. Based on the current trading pattern, this downward trend may continue and reach a low point of Mean Sup 1.074. However, there is still great potential for a rebound by calling a high target of Mean Res 1.098.
Over the week, the currency's price action nose-dived and hit our Inner Coin Dip of 1.085. Based on the current trading pattern, this downward trend may continue and reach a low point of Mean Sup 1.074. However, there is still great potential for a rebound by calling a high target of Mean Res 1.098.