EUR USD Technical Analysis 17 August 2020
EUR USD Technical Analysis: The EUR rose 0.24% against the USD on Friday and closed at 1.1841. Today in the Asian session, while EUR USD technical Analysis 17 August 2020 is preparing at 5:15 GMT, the pair is trading at 1.1755, which is 0.11% higher from yesterday’s closed.
The pair is expected to find support at 1.1800 and a fall through could take it to the next support level of 1.1780. The pair is expected to find its first resistance at 1.1865, and a rise through could take it to the next resistance level of 1.1910. Today’s expected trading range is between 1.1755 support and 1.1935 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1800
Support 2: 1.1780
Support 3: 1.1755
Important Important resistance levels:
Resistance 1: 1.1865
Resistance 2: 1.1910
Resistance 3: 1.1935
EUR/USD buying opportunity for intraday trading on August 17, 2020
Buy near the support zones 1.1780 and 1.1780 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 August 17, 2020
Sell near the resistance zones 1.1865 and 1.1910 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: NY Fed Empire State Manufacturing Index (USD).
GBP/USD Technical Analysis 17 August 2020
USD/JPY Technical Analysis 17 August 2020
USD/CAD Technical Analysis 17 August 2020