EUR USD Technical Analysis 7 July 2020
EUR USD Technical Analysis: The EUR rose 0.57% against the USD on Monday and closed at 1.1308. Today in the European session while EUR USD technical Analysis 7 July 2020 is preparing at 5:45 GMT, the pair is trading at 1.1287, which is 0.19% lower from yesterday’s closed.
The pair is expected to find support at 1.1250 and a fall through could take it to the next support level of 1.1195. The pair is expected to find its first resistance at 1.1355, and a rise through could take it to the next resistance level of 1.1400. For today the expected trading range is between 1.1250 Support and 1.1355 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1250, Support 2: 1.1195, Support 3: 1.1150
Resistance Levels: Resistance 1: 1.1355, Resistance 2: 1.1400, Resistance 3: 1.1460
EUR/USD Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1.1250 and 1.1195 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 18 June 2020
Sell near the resistance area 1.1455 and 1.1400 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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