EUR USD Technical Analysis 9 March 2021
EUR USD Technical Analysis: The EUR declined 0.60% against the USD on Monday and closed at 1.1846. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.1900, which is 0.45% higher from yesterday’s closed.
The pair is expected to find support at 1.1835 and a fall through could take it to the next support level of 1.1815. The pair is expected to find its first resistance at 1.1910, and a rise through could take it to the next resistance level of 1.1930. Today’s expected trading range is between 1.1780 support and 1.1960 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1835
Support 2: 1.1815
Support 3: 1.1780
Important Important resistance levels:
Resistance 1: 1.1910
Resistance 2: 1.1930
Resistance 3: 1.1960
EUR/USD buying opportunity for intraday trading on March 9, 2021
Buy near the support zones 1.1835 and 1.1815 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 March 9, 2021
Sell near the resistance zones 1.1910 and 1.1930 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: Employment Change q/q (EUR), GDP q/q (EUR), EIA Short-Term Energy Outlook (USD).