EUR USD Technical Analysis 24 August 2020
EUR USD Technical Analysis: The EUR declined 0.53% against the USD on Friday and closed at 1.1796. Today in the Asian session, while EUR USD technical Analysis 24 August 2020 is preparing at 5:15 GMT, the pair is trading at 1.1830, which is 0.28% higher from yesterday’s closed.
The pair is expected to find support at 1.1755 and a fall through could take it to the next support level of 1.1735. The pair is expected to find its first resistance at 1.1865, and a rise through could take it to the next resistance level of 1.1880. Today’s expected trading range is between 1.1715 support and 1.1950 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1755
Support 2: 1.1735
Support 3: 1.1715
Important Important resistance levels:
Resistance 1: 1.1865
Resistance 2: 1.1880
Resistance 3: 1.1950
EUR/USD buying opportunity for intraday trading on August 24, 2020
Buy near the support zones 1.1755 and 1.1735 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 24, 2020
Sell near the resistance zones 1.1865 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: There is no news today