EUR USD Technical Analysis 15 October 2020
EUR USD Technical Analysis: The EUR declined 0.53% against the USD on Wednesday and closed at 1.1887. Today in the Asian session, while EUR USD technical Analysis 15 October 2020 is preparing at 4:45 GMT, the pair is trading at 1.1705, which is 0.33% lower from yesterday’s closed.
The pair is expected to find support at 1.1695 and a fall through could take it to the next support level of 1.1685. The pair is expected to find its first resistance at 1.1755, and a rise through could take it to the next resistance level of 1.1770. Today’s expected trading range is between 1.1665 support and 1.1795 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1695
Support 2: 1.1685
Support 3: 1.1665
Important Important resistance levels:
Resistance 1: 1.1755
Resistance 2: 1.1770
Resistance 3: 1.1795
EUR/USD buying opportunity for intraday trading on October 15, 2020
Buy near the support zones 1.1695 and 1.1685 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 October 15, 2020
Sell near the resistance zones 1.1755 and 1.1770 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: Philadelphia Fed Manufacturing Index (USD), Initial Jobless Claims (USD), EIA Crude Oil Stocks Change (USD), ECB President Lagarde Speech (USD).