EUR USD Technical Analysis 29 September 2020
EUR USD Technical Analysis: The EUR rose 0.44% against the USD on Monday and closed at 1.1666. Today in the Asian session, while EUR USD technical Analysis 29 September 2020 is preparing at 4:45 GMT, the pair is trading at 1.1675, which is 0.08% higher from yesterday’s closed.
The pair is expected to find support at 1.1627 and a fall through could take it to the next support level of 1.1615. The pair is expected to find its first resistance at 1.1685, and a rise through could take it to the next resistance level of 1.1720. Today’s expected trading range is between 1.1590 support and 1.1760 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1627
Support 2: 1.1615
Support 3: 1.1590
Important Important resistance levels:
Resistance 1: 1.1685
Resistance 2: 1.1720
Resistance 3: 1.1760
EUR/USD buying opportunity for intraday trading on September 29, 2020
Buy near the support zones 1.1627 and 1.1615 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
EUR/USD selling opportunity for intraday trading on September 29, 2020
Sell near the resistance zones 1.1685 and 1.1720 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.
Economic events to watch for the next 24 hours: No (USD) news due to bank holiday