EUR USD Technical Analysis December 7, 2018
The EUR rose 0.25% against the USD on Thursday and closed at 1.1371. Today in the European session while EUR USD technical analysis December 7, 2018 is preparing at 7:15 GMT, the pair is trading at 1.1370, which is 0.01% lower from yesterday’s closed.
The pair is expected to find support at 1.1323 and a fall through could take it to the next support level of 1.1276. The pair is expected to find its first resistance at 1.13415, and a rise through could take it to the next resistance level of 1.1460. For today the expected trading range is between 1.1276, Support and 1.1415 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.1323, Support 2: 1.1276, Support 3: 1.1232
Resistance Levels: Resistance 1: 1.1366, Resistance 2: 1.1388, Resistance 3: 1.1507
EUR/USD Buying Opportunity for Intraday Trading December 7, 2018
Buy near the support area 1.1323 and 1.1276 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading December 7, 2018
Sell near the resistance area 1.1415 and 1.1460 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
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