EUR USD Technical Analysis 5 June 2020
EUR USD Technical Analysis: The EUR rose 0.92% against the USD on Thursday and closed at 1.1337. Today in the European session while EUR USD technical Analysis 5 June 2020 is preparing at 6:45 GMT, the pair is trading at 1.1290, which is 0.35% lower from yesterday’s closed.
The pair is expected to find support at 1.1230 and a fall through could take it to the next support level of 1.1130. The pair is expected to find its first resistance at 1.1400, and a rise through could take it to the next resistance level of 1.1465. For today the expected trading range is between 1.1335 Support and 1.1400 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.1230, Support 2: 1.1130, Support 3: 1.1070
Resistance Levels: Resistance 1: 1.1400, Resistance 2: 1.1465, Resistance 3: 1.1565
EUR/USD Buying Opportunity for Intraday Trading 5 June 2020
Buy near the support area 1.1230 and 1.1130 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading 5 June 2020
Sell near the resistance area 1.1400 and 1.1465 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.
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