EUR USD Technical Analysis 15 January 2021
EUR USD Technical Analysis: The EUR declined 0.02% against the USD on Thursday and closed at 1.2154. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2132, which is 0.17% 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 1.2080. The pair is expected to find its first resistance at 1.2180, and a rise through could take it to the next resistance level of 1.2215. Today’s expected trading range is between 1.2060 support and 1.2215 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2115
Support 2: 1.2080
Support 3: 1.2060
Important Important resistance levels:
Resistance 1: 1.2180
Resistance 2: 1.2215
Resistance 3: 1.2280
EUR/USD buying opportunity for intraday trading on January 15, 2021
Buy near the support zones 1.2115 and 1.2180 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 15, 2021
Sell near the resistance zones 1.2180 and 1.2215 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: Retail Sales m/m (USD), Core Retail Sales m/m (USD), Fed Industrial Production y/y (USD), Business Inventories m/m (USD).