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EUR USD Technical Analysis 17 July 2020

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EUR USD Technical Analysis 17 July 2020

EUR USD Technical Analysis: The EUR declined 0.25% against the USD on Thursday and closed at 1.1383. Today in the Asian session, while EUR USD technical Analysis 17 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1386, which is 0.03% higher from yesterday’s closed.

The pair is expected to find support at 1.1360 and a fall through could take it to the next support level of 1.1325. The pair is expected to find its first resistance at 1.1400, and a rise through could take it to the next resistance level of 1.1430. Today’s expected trading range is between 1.1300 support and 1.1450 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.1360
Support 2: 1.1325
Support 3: 1.1300

Important Important resistance levels:

Resistance 1: 1.1400
Resistance 2: 1.1430
Resistance 3: 1.1450

EUR/USD buying opportunity for intraday trading on July 17, 2020

Buy near the support zones 1.1360 and 1.1325 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 July 17, 2020

Sell near the resistance zones 1.1400 and 1.1430 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: BoE Governor Bailey Speech (GBP), Building Permits (USD), Michigan Consumer Sentiment (USD).

GBP/USD Technical Analysis 17 July 2020
USD/JPY Technical Analysis 17 July 2020
USD/CAD Technical Analysis 17 July 2020

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