EUR USD Technical Analysis 19 October 2020
EUR USD Technical Analysis: The EUR rose 0.07% against the USD on Thursday and closed at 1.1715. Today in the Asian session, while EUR USD technical Analysis 19 October 2020 is preparing at 4:45 GMT, the pair is trading at 1.1737, which is 0.18% higher from yesterday’s closed.
The pair is expected to find support at 1.1690 and a fall through could take it to the next support level of 1.1665. The pair is expected to find its first resistance at 1.1745, and a rise through could take it to the next resistance level of 1.1770. Today’s expected trading range is between 1.1615 support and 1.1795 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1690
Support 2: 1.1665
Support 3: 1.1615
Important Important resistance levels:
Resistance 1: 1.1745
Resistance 2: 1.1770
Resistance 3: 1.1795
EUR/USD buying opportunity for intraday trading on October 19, 2020
Buy near the support zones 1.1690 and 1.1665 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 19, 2020
Sell near the resistance zones 1.1745 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: Fed Chair Powell Speech (USD), ECB President Lagarde Speech (EUR), BoC Business Outlook Survey (CAD).