EUR USD Technical Analysis 7 April 2020

EUR USD Technical Analysis: The EUR declined 0.14% against the USD on Monday and closed at 1.0792. Today in the Asian session while EUR USD technical Analysis 7 April 2020 is preparing at 6:45 GMT, the pair is trading at 1.0830, which is 0.35% higher from yesterday’s closed.

The pair is expected to find support at 1.0762 and a fall through could take it to the next support level of 1.0732. The pair is expected to find its first resistance at 1.0866, and a rise through could take it to the next resistance level of 1.0896. For today the expected trading range is between 1.10762 Support and 1.0866 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.0762, Support 2: 1.0732, Support 3: 1.0694
Resistance Levels: Resistance 1: 1.1188, Resistance 2: 1.1207, Resistance 3: 1.1244

EUR/USD Buying Opportunity for Intraday Trading 7 April 2020

Buy near the support area 1.0762 and 1.0732 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

EUR/USD Selling Opportunity for Intraday Trading 7 April 2020

Sell near the resistance area 1.0866 and 1.0896 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

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