EUR USD Technical Analysis 22 January 2021
EUR USD Technical Analysis: The EUR rose 0.49% against the USD on Thursday and closed at 1.2164. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2154, which is 0.08% lower from yesterday’s closed.
The pair is expected to find support at 1.2055 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 1.2175, and a rise through could take it to the next resistance level of 1.2190. Today’s expected trading range is between 1.2080 support and 1.2220 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2155
Support 2: 1.2120
Support 3: 1.2080
Important Important resistance levels:
Resistance 1: 1.2175
Resistance 2: 1.2190
Resistance 3: 1.2220
EUR/USD buying opportunity for intraday trading on January 22, 2021
Buy near the support zones 1.2155 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 22, 2021
Sell near the resistance zones 1.2175 and 1.2190 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: Markit Manufacturing PMI (EUR), arkit/CIPS Manufacturing PMI (GB), Retail Sales m/m (CAD), Core Retail Sales m/m (CAD), Markit Manufacturing PMI (USD), Existing Home Sales (USD), EIA Crude Oil Stocks Change (USD).
GBP/USD Technical Analysis 22 January 2021
USD/JPY Technical Analysis 22 January 2021
USD/CAD Technical Analysis 22 January 2021