EUR USD Technical Analysis 30 September 2020
EUR USD Technical Analysis: The EUR rose 0.68% against the USD on Tuesday and closed at 1.1743. Today in the Asian session, while EUR USD technical Analysis 30 September 2020 is preparing at 4:45 GMT, the pair is trading at 1.1702, which is 0.35% lower from yesterday’s closed.
The pair is expected to find support at 1.1685 and a fall through could take it to the next support level of 1.1630. The pair is expected to find its first resistance at 1.1750, and a rise through could take it to the next resistance level of 1.1770. Today’s expected trading range is between 1.1615 support and 1.1800 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1685
Support 2: 1.1630
Support 3: 1.1615
Important Important resistance levels:
Resistance 1: 1.1750
Resistance 2: 1.1770
Resistance 3: 1.1800
EUR/USD buying opportunity for intraday trading on September 30, 2020
Buy near the support zones 1.1685 and 1.1630 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 September 30, 2020
Sell near the resistance zones 1.1750 and 1.1770 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: ECB Executive Board Member Mersch Speech (EUR), ADP Nonfarm Employment Change (USD), GDP m/m (CAD), GDP q/q (USD), MNI Chicago Business Barometer (USD), Pending Home Sales m/m (USD), EIA Crude Oil Stocks Change (USD).