EUR USD Technical Analysis September 21, 2018
The EUR rose 0.89% against the USD on Thursday and closed at 1.1775. Today in the European session while EUR USD technical analysis September 21, 2018 is preparing at 9:15 GMT, the pair is trading at 1.1780, which is 0.04% higher from yesterday’s closed.
In European session, data showed that the Preliminary estimates indicate that the Eurozone consumer confidence index fell by 1 point to -2.9 in September 2018, the lowest level since May 2017, below market expectations -2. Considering the entire EU, the September consumer confidence index fell by 1 point to -2.8, which is also the weakest in a year.
In US session, data showed that the For the week ending September 15, seasonally adjusted initial jobless claims was 201k, a decrease of 3k from the 204k unrevisioned in the previous week. This is the lowest level of initial jobless claims since 197k on November 15, 1969.
Philadelphia Fed Manufacturing Index: The Philadelphia Fed manufacturing index climbed 11 points to 22.9 in September 2018, easily surpassing market expectations of 17 points. New orders increased (up 12 points to 21.4), shipments increased (up 3 points to 19.6) and employment (up 3 points to 17.6). At the same time, the current inventory index fell 19 points and recorded the first negative data for seven months.
Existing home sales in the US: The previously sold homes in the United States had a seasonally adjusted annual rate of 5.34 million in August 2018, which was the same as in July and remained the lowest since February 2016. Compared with market expectations, the growth rate is 0.3%. 5.35 million. The median house price fell from $307,600 in July to $303,200, while supply prices were flat to 4.3.
When the European market opens, the economic data will release such us French Flash Manufacturing PMI, French Flash Services PMI, German Flash Manufacturing PMI, German Flash Services PMI, Flash Manufacturing PMI, Flash Services PMI
EUR USD technical analysis September 21, 2018
The pair is expected to find support at 1.1700 and a fall through could take it to the next support level of 1.1627. The pair is expected to find its first resistance at 1.1817, and a rise through could take it to the next resistance level of 1.1858. For today the expected trading range is between 1.1633, Support and 1.1715 Resistance.
The expected trend for today is Bearish.
Supports Levels: Support 1: 1.1700, Support 2: 1.1627, Support 3: 1.1585
Resistance Levels: Resistance 1: 1.1817, Resistance 2: 1.1858, Resistance 3: 1.1932
Previous day`s high: 1.1783
Previous day`s low: 1.1667
EUR/USD Buying Opportunity for Intraday Trading September 21, 2018
Buy near the support area 1.1700 and 1.1627 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading September 21, 2018
Sell near the resistance area 1.1817 and 1.1858 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.
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