EUR USD Technical Analysis 22 May 2020
EUR USD Technical Analysis: The EUR declined 0.25% against the USD on Thursday and closed at 1.0949. Today in the European session while EUR USD technical Analysis 22 May 2020 is preparing at 6:45 GMT, the pair is trading at 1.0905, which is 0.41% lower from yesterday’s closed.
The pair is expected to find support at 1.0890 and a fall through could take it to the next support level of 1.0850. The pair is expected to find its first resistance at 1.0990, and a rise through could take it to the next resistance level of 1.1035. For today the expected trading range is between 1.0850 Support and 1.0990 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.0920, Support 2: 1.0890, Support 3: 1.0850
Resistance Levels: Resistance 1: 1.0990, Resistance 2: 1.1035, Resistance 3: 1.1065
EUR/USD Buying Opportunity for Intraday Trading 22 May 2020
Buy near the support area 1.0890 and 1.0850 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading 22 May 2020
Sell near the resistance area 1.0990 and 1.1035 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.
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