EUR USD Technical Analysis 17 December 2020
EUR USD Technical Analysis: The EUR rose 0.41% against the USD on Wednesday and closed at 1.2198. Today in the Asian session, while EUR USD technical Analysis 17 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2222, which is 0.20% lower from yesterday’s closed.
The pair is expected to find support at 1.2145 and a fall through could take it to the next support level of 1.2125. The pair is expected to find its first resistance at 1.2235, and a rise through could take it to the next resistance level of 1.2265. Today’s expected trading range is between 1.2105 support and 1.2300 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2145
Support 2: 1.2125
Support 3: 1.2105
Important Important resistance levels:
Resistance 1: 1.2235
Resistance 2: 1.2265
Resistance 3: 1.2300
EUR/USD buying opportunity for intraday trading on December 17, 2020
Buy near the support zones 1.2145 and 1.2125 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 17, 2020
Sell near the resistance zones 1.2235 and 1.2265 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: Core CPI m/m (EUR), BoE Interest Rate Decision (GBP), Building Permits (USD), Initial Jobless Claims (USD), ECB Executive Board Member Schnabel Speech (EUR).