EUR USD Technical Analysis September 20, 2018
The EUR rose 0.06% against the USD on Wednesday and closed at 1.1671. Today in the European session while EUR USD technical analysis September 20, 2018 is preparing at 9:15 GMT, the pair is trading at 1.1693, which is 0.18% higher from yesterday’s closed.
When the European market opens, the economic data will release Eurozone Consumer Confidence Index: The Eurozone Consumer Confidence Index fell significantly by 1.4 points to -1.9 from -0.5 in the previous month in August 2018, in line with preliminary estimates. This is the weakest reading since May 2017, mainly due to consumer deterioration in the assessment of future unemployment, while consumers’ perceptions of future financial conditions, future economic conditions and their savings expectations remain largely stable. Taking into account the entire EU, the consumer confidence index fell by 1.1 points to -1.8 in August, the lowest point in a year.
EUR USD technical analysis September 20, 2018
The pair is expected to find support at 1.1640 and a fall through could take it to the next support level of 1.1615. The pair is expected to find its first resistance at 1.1708, and a rise through could take it to the next resistance level of 1.1743. For today the expected trading range is between 1.1633, Support and 1.1715 Resistance.
The expected trend for today is Bullish.
Supports Levels: Support 1: 1.1640, Support 2: 1.1615, Support 3: 1.1575
Resistance Levels: Resistance 1: 1.1708, Resistance 2: 1.1743, Resistance 3: 1.1772
Previous day`s high: 1.1714
Previous day`s low: 1.1649
EUR/USD Buying Opportunity for Intraday Trading September 20, 2018
Buy near the support area 1.1640 and 1.1615 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading September 20, 2018
Sell near the resistance area 1.1708 and 1.1743 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.
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