EUR USD Technical Analysis 27 July 2020
EUR USD Technical Analysis: The EUR rose 0.51% against the USD on Friday and closed at 1.1654. Today in the Asian session, while EUR USD technical Analysis 27 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1717, which is 0.53% higher from yesterday’s closed.
The pair is expected to find support at 1.1630 and a fall through could take it to the next support level of 1.1600. The pair is expected to find its first resistance at 1.1755, and a rise through could take it to the next resistance level of 1.1800. Today’s expected trading range is between 1.1550 support and 1.1850 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1630
Support 2: 1.1600
Support 3: 1.1550
Important Important resistance levels:
Resistance 1: 1.1755
Resistance 2: 1.1800
Resistance 3: 1.1850
EUR/USD buying opportunity for intraday trading on July 27, 2020
Buy near the support zones 1.1630 and 1.1600 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 27, 2020
Sell near the resistance zones 1.1755 and 1.1800 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: Nationwide HPI m/m (GBP), Durable Goods Orders m/m (USD), Core Durable Goods Orders m/m (USD)