EUR USD Technical Analysis 15 December 2020
EUR USD Technical Analysis: The EUR rose 0.07% against the USD on Monday and closed at 1.2143. Today in the Asian session, while EUR USD technical Analysis 15 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2140, which is 0.02% lower from yesterday’s closed.
The pair is expected to find support at 1.2115 and a fall through could take it to the next support level of 1.2105. The pair is expected to find its first resistance at 1.2160, and a rise through could take it to the next resistance level of 1.2140. Today’s expected trading range is between 1.2060 support and 1.2200 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2115
Support 2: 1.2105
Support 3: 1.2060
Important Important resistance levels:
Resistance 1: 1.2160
Resistance 2: 1.2175
Resistance 3: 1.2200
EUR/USD buying opportunity for intraday trading on December 15, 2020
Buy near the support zones 1.2115 and 1.2105 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 December 15, 2020
Sell near the resistance zones 1.2160 and 1.2175 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: CMHC Housing Starts (CAD), Manufacturing Sales m/m (CAD), NY Fed Empire State Manufacturing Index (USD), Fed Industrial Production m/m (USD).