EUR USD Technical Analysis 1 September 2020
EUR USD Technical Analysis: The EUR rose 0.28% against the USD on Monday and closed at 1.1936. Today in the Asian session, while EUR USD technical Analysis 1 September 2020 is preparing at 5:15 GMT, the pair is trading at 1.1965, which is 0.25% higher from yesterday’s closed.
The pair is expected to find support at 1.1930 and a fall through could take it to the next support level of 1.1890. The pair is expected to find its first resistance at 1.1895, and a rise through could take it to the next resistance level of 1.2010. Today’s expected trading range is between 1.1845 support and 1.2050 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1930
Support 2: 1.1890
Support 3: 1.1845
Important Important resistance levels:
Resistance 1: 1.1895
Resistance 2: 1.2010
Resistance 3: 1.2050
EUR/USD buying opportunity for intraday trading on September 1, 2020
Buy near the support zones 1.1930 and 1.1890 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 1, 2020
Sell near the resistance zones 1.1895 and 1.2010 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 (CAD), ISM Manufacturing PMI (USD),