EUR USD Technical Analysis 24 December 2020
EUR USD Technical Analysis: The EUR rose 0.20% against the USD on Wednesday and closed at 1.2186. Today in the Asian session, while EUR USD technical Analysis 24 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2205, which is 0.16% higher from yesterday’s closed.
The pair is expected to find support at 1.2155 and a fall through could take it to the next support level of 1.2135. The pair is expected to find its first resistance at 1.2220, and a rise through could take it to the next resistance level of 1.2255. Today’s expected trading range is between 1.2105 support and 1.2270 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2155
Support 2: 1.2135
Support 3: 1.2105
Important Important resistance levels:
Resistance 1: 1.2220
Resistance 2: 1.2255
Resistance 3: 1.2270
EUR/USD buying opportunity for intraday trading on December 24, 2020
Buy near the support zones 1.2155 and 1.2135 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 December 24, 2020
Sell near the resistance zones 1.2220 and 1.2255 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.
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