EUR USD Technical Analysis 21 August 2020
EUR USD Technical Analysis: The EUR rose 0.17% against the USD on Thursday and closed at 1.1860. Today in the Asian session, while EUR USD technical Analysis 21 August 2020 is preparing at 5:15 GMT, the pair is trading at 1.1817, which is 0.36% lower from yesterday’s closed.
The pair is expected to find support at 1.1815 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 1.1880, and a rise through could take it to the next resistance level of 1.1910. Today’s expected trading range is between 1.1750 support and 1.1950 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1815
Support 2: 1.1780
Support 3: 1.1750
Important Important resistance levels:
Resistance 1: 1.1880
Resistance 2: 1.1910
Resistance 3: 1.1950
EUR/USD buying opportunity for intraday trading on August 21, 2020
Buy near the support zones 1.1815 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 21, 2020
Sell near the resistance zones 1.1880 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: Retail Sales m/m (GBP), Markit Manufacturing PMI (EUR), Markit Services PMI (EUR), Markit Manufacturing PMI (EUR), Retail Sales m/m (CAD), Core Retail Sales m/m (CAD), Markit Manufacturing PMI (USD), Existing Home Sales (USD).