EUR USD Technical Analysis 29 April 2021
EUR USD Technical Analysis: The EUR rose 0.29% against the USD on Wednesday and closed at 1.2126. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2119, which is 0.06% lower from yesterday’s closed.
The pair is expected to find support at 1.2105 and a fall through could take it to the next support level of 1.2075. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2115. Today’s expected trading range is between 1.2055 support and 1.2200 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2105
Support 2: 1.2075
Support 3: 1.2055
Important Important resistance levels:
Resistance 1: 1.2150
Resistance 2: 1.2185
Resistance 3: 1.2200
EUR/USD buying opportunity for intraday trading on April 29, 2021
Buy near the support zones 1.2105 and 1.2075 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 April 29, 2021
Sell near the resistance zones 1.2150 and 1.2185 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: GDP q/q (USD), Initial Jobless Claims (USD),Pending Home Sales m/m (USD).