EUR USD Technical Analysis 16 October 2019

EUR USD Technical Analysis: The EUR rose 0.06% against the USD on Tuesday and closed at 1.1031. Today in the European session while EUR USD technical Analysis 16 October 2019 is preparing at 7:15 GMT, the pair is trading at 1.1050, which is 0.17% higher from yesterday’s closed.

The pair is expected to find support at 1.0999 and a fall through could take it to the next support level of 1.0967. The pair is expected to find its first resistance at 1.1055, and a rise through could take it to the next resistance level of 1.1077. For today the expected trading range is between 1.1000 Support and 1.1077 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.0999, Support 2: 1.0967, Support 3: 1.0945
Resistance Levels: Resistance 1: 1.1055, Resistance 2: 1.1077, Resistance 3: 1.1110

EUR/USD Buying Opportunity for Intraday Trading 16 October 2019

Buy near the support area 1.0999 and 1.0967 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

EUR/USD Selling Opportunity for Intraday Trading 16 October 2019

Sell near the resistance area 1.1055 and 1.1077 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

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