EUR USD Technical Analysis 14 January 2021
EUR USD Technical Analysis: The EUR declined 0.41% against the USD on Wednesday and closed at 1.2156. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2165, which is 0.06% higher from yesterday’s closed.
The pair is expected to find support at 1.2135 and a fall through could take it to the next support level of 1.2120. The pair is expected to find its first resistance at 1.2172, and a rise through could take it to the next resistance level of 1.2205. Today’s expected trading range is between 1.2060 support and 1.2220 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2135
Support 2: 1.2120
Support 3: 1.2060
Important Important resistance levels:
Resistance 1: 1.2172
Resistance 2: 1.2205
Resistance 3: 1.2220
EUR/USD buying opportunity for intraday trading on January 14, 2021
Buy near the support zones 1.2135 and 1.2120 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 January 14, 2021
Sell near the resistance zones 1.2172 and 1.2205 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: Initial Jobless Claims (USD), Fed Chair Powell Speech (USD).
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