EUR USD Technical Analysis 25 January 2021
EUR USD Technical Analysis: The EUR rose 0.10% against the USD on Friday and closed at 1.2170. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2141, which is 0.23% lower from yesterday’s closed.
The pair is expected to find support at 1.2140 and a fall through could take it to the next support level of 1.2130. The pair is expected to find its first resistance at 1.2185, and a rise through could take it to the next resistance level of 1.2200. Today’s expected trading range is between 1.2010 support and 1.2220 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2140
Support 2: 1.2130
Support 3: 1.2110
Important Important resistance levels:
Resistance 1: 1.2185
Resistance 2: 1.2200
Resistance 3: 1.2220
EUR/USD buying opportunity for intraday trading on January 25, 2021
Buy near the support zones 1.2140 and 1.2130 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 January 25, 2021
Sell near the resistance zones 1.2185 and 1.2200 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: Ifo Business Climate (EUR), ECB President Lagarde Speech (EUR), BoE Governor Bailey Speech (GBP).