EUR USD Technical Analysis 9 October 2020
EUR USD Technical Analysis: The EUR declined 0.02% against the USD on Thursday and closed at 1.1758. Today in the Asian session, while EUR USD technical Analysis 9 October 2020 is preparing at 4:45 GMT, the pair is trading at 1.1795, which is 0.32% higher from yesterday’s closed.
The pair is expected to find support at 1.1757 and a fall through could take it to the next support level of 1.1733. The pair is expected to find its first resistance at 1.1805, and a rise through could take it to the next resistance level of 1.1833. Today’s expected trading range is between 1.1700 support and 1.1870 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1757
Support 2: 1.1733
Support 3: 1.1700
Important Important resistance levels:
Resistance 1: 1.1805
Resistance 2: 1.1830
Resistance 3: 1.1870
EUR/USD buying opportunity for intraday trading on October 9, 2020
Buy near the support zones 1.1757 and 1.1733 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 October 9, 2020
Sell near the resistance zones 1.1805 and 1.1833 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: Manufacturing Production m/m (GBP), GDP m/m (GBP), Employment Change (CAD), Unemployment Rate (CAD).