FX.co ★ May 12, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective.

The EUR/USD pair faced strong resistance at 1.1500 and dropped to 1.0850, 1.0400, 1.0000, and finally, 0.9600.

The market bounced back from 1.0800-1.0850 but met with more sellers that pushed the prices down again.

The 1.0930 level was a key barrier for buyers, who could only lift the prices to 1.1000 briefly.

Therefore, the current level of 1.1000 is important to watch for any signs of selling pressure.

On the flip side, any dip to 1.0600 could attract buyers, who might drive the prices up again.May 12, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective.

The EUR/USD pair faced strong resistance at 1.1500 and dropped to 1.0850, 1.0400, 1.0000, and finally, 0.9600.

The market bounced back from 1.0800-1.0850 but met with more sellers that pushed the prices down again.

The 1.0930 level was a key barrier for buyers, who could only lift the prices to 1.1000 briefly.

Therefore, the current level of 1.1000 is important to watch for any signs of selling pressure.

On the flip side, any dip to 1.0600 could attract buyers, who might drive the prices up again.