EUR USD Technical Analysis 28 July 2020
EUR USD Technical Analysis: The EUR rose 0.91% against the USD on Monday and closed at 1.1751. Today in the Asian session, while EUR USD technical Analysis 28 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1733, which is 0.15% lower from yesterday’s closed.
The pair is expected to find support at 1.1715 and a fall through could take it to the next support level of 1.1675. The pair is expected to find its first resistance at 1.1780, and a rise through could take it to the next resistance level of 1.1800. Today’s expected trading range is between 1.1580 support and 1.1850 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1715
Support 2: 1.1675
Support 3: 1.1580
Important Important resistance levels:
Resistance 1: 1.1780
Resistance 2: 1.1800
Resistance 3: 1.1850
EUR/USD buying opportunity for intraday trading on July 28, 2020
Buy near the support zones 1.1715 and 1.1675 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 28, 2020
Sell near the resistance zones 1.1780 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: Unemployment Rate (EUR), CB Consumer Confidence Index (USD)