EUR USD Technical Analysis 2 July 2021
EUR USD Technical Analysis: The EUR declined 0.05% against the USD on Wednesday and closed at 1.1850. Today in the Asian session, while EUR USD technical Analysis 2 July 2021 is preparing at 4:45 GMT, the pair is trading at 1.1823, which is 0.22% lower from yesterday’s closed.
The pair is expected to find support at 1.1810 and a fall through could take it to the next support level of 1.1800. The pair is expected to find its first resistance at 1.1855, and a rise through could take it to the next resistance level of 1.1880. Today’s expected trading range is between 1.1775 support and 1.1900 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1810
Support 2: 1.1800
Support 3: 1.1775
Important Important resistance levels:
Resistance 1: 1.1855
Resistance 2: 1.1880
Resistance 3: 1.1900
EUR/USD buying opportunity for intraday trading on July 2, 2021
Buy near the support zones 1.1810 and 1.1800 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 2, 2021
Sell near the resistance zones 1.1855 and 1.1880 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: Trade Balance (CAD) Trade Balance (USD), Unemployment Rate (USD), Nonfarm Payrolls (USD).