EUR USD Technical Analysis 24 July 2020
EUR USD Technical Analysis: The EUR rose 0.23% against the USD on Thursday and closed at 1.1595. Today in the Asian session, while EUR USD technical Analysis 24 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1597, which is 0.02% higher from yesterday’s closed.
The pair is expected to find support at 1.1590 and a fall through could take it to the next support level of 1.1550. The pair is expected to find its first resistance at 1.1600, and a rise through could take it to the next resistance level of 1.1655. Today’s expected trading range is between 1.1500 support and 1.1700 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1590
Support 2: 1.1550
Support 3: 1.1500
Important Important resistance levels:
Resistance 1: 1.1625
Resistance 2: 1.1670
Resistance 3: 1.1700
EUR/USD buying opportunity for intraday trading on July 24, 2020
Buy near the support zones 1.1590 and 1.1550 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 24, 2020
Sell near the resistance zones 1.1625 and 1.1670 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: Markit Manufacturing PMI (EUR), Markit Services PMI (EUR), Markit Composite PMI (EUR), Markit/CIPS Manufacturing PMI (GBP), Markit/CIPS Services PMI (GBP), Markit Manufacturing PMI (USD), New Home Sales (USD).
GBP/USD Technical Analysis 24 July 2020
USD/JPY Technical Analysis 24 July 2020
USD/CAD Technical Analysis 24 July 2020