EUR USD Technical Analysis 11 January 2021
EUR USD Technical Analysis: The EUR declined 0.40% against the USD on Friday and closed at 1.2222. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2198, which is 0.19% lower from yesterday’s closed.
The pair is expected to find support at 1.2170 and a fall through could take it to the next support level of 1.2130. The pair is expected to find its first resistance at 1.2235, and a rise through could take it to the next resistance level of 1.2275. Today’s expected trading range is between 1.2060 support and 1.2300 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2170
Support 2: 1.2130
Support 3: 1.2060
Important Important resistance levels:
Resistance 1: 1.2235
Resistance 2: 1.2375
Resistance 3: 1.2300
EUR/USD buying opportunity for intraday trading on January 11, 2021
Buy near the support zones 1.2170 and 1.2130 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 11, 2021
Sell near the resistance zones 1.2235 and 1.2275 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: ECB President Lagarde Speech (EUR), BoC Business Outlook Survey (CAD).