EURUSD Key Technical Levels as on 16th May 2022

Since the dollar has gained strength, the EURUSD has been in a downward spiral.

It is at the bottom of the falling channel and will likely increase in the near future.

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In the short term, there are two possibilities:

1. It rises to the first resistance zone of 1.0679-10770 before resuming its downward trend.

2. It rises to the next level of resistance between 1.0927 and 1.1000.

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If it falls below the channel's bottom threshold, the next level to watch is 1.0255.

EURUSD Technical Levels on 16th May 2022

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