EUR USD Technical Analysis Aug 12, 2019
EUR USD Technical Analysis: The EUR rose 0.17% against the USD on Friday and closed at 1.1199. Today in the European session while EUR USD technical Analysis Aug 12, 2019 is preparing at 7:15 GMT, the pair is trading at 1.1188, which is 0.09% lower from yesterday’s closed.
The pair is expected to find support at 1.1156 and a fall through could take it to the next support level of 1.1135. The pair is expected to find its first resistance at 1.1222, and a rise through could take it to the next resistance level of 1.1244. For today the expected trading range is between 1.1135, Support and 1.1243 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1178, Support 2: 1.1156, Support 3: 1.1135
Resistance Levels: Resistance 1: 1.1222, Resistance 2: 1.1244, Resistance 3: 1.1265
EUR/USD Buying Opportunity for Intraday Trading Aug 12, 2019
Buy near the support area 1.1156 and 1.1135 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 Aug 12, 2019
Sell near the resistance area 1.1222 and 1.1244 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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