EUR USD Technical Analysis September 24, 2018

The EUR declined 0.20% against the USD on Friday and closed at 1.1751. Today in the European session while EUR USD technical analysis September 24, 2018 is preparing at 7:15 GMT, the pair is trading at 1.1730, which is 0.17% lower from yesterday’s closed.

In European session, data showed that the IHS Markit Eurozone Manufacturing Purchasing Managers Index fell to 53.3 in September 2018 from 54.6 in August, well below market expectations of 54.4. Preliminary estimates indicate that the data shows that plant activity has been the slowest since September 2016.

Eurozone Service PMI: The IHS Markit Eurozone Service Purchasing Managers Index rose from 54.4 in the previous month to 54.7 in September 2018, a three-month high, exceeding market expectations of 54.4, preliminary estimates. Job creation continues to be at its highest level since October 2007, business optimism has rebounded from a 21-month low in August, while new business inflows have slowed, and backlogs show a second weaker growth in more than a year.

EUR USD technical analysis September 24, 2018

The pair is expected to find support at 1.1722 and a fall through could take it to the next support level of 1.1692. The pair is expected to find its first resistance at 1.1792, and a rise through could take it to the next resistance level of 1.1832. For today the expected trading range is between 1.1633, Support and 1.1715 Resistance.

The expected trend for today is Bearish.

Supports Levels: Support 1: 1.1722, Support 2: 1.1692, Support 3: 1.1652
Resistance Levels: Resistance 1: 1.1792, Resistance 2: 1.1832, Resistance 3: 1.1862

Previous day`s high: 1.1801
Previous day`s low: 1.1732

EUR/USD Buying Opportunity for Intraday Trading September 24, 2018

Buy near the support area 1.1722 and 1.1692 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 24, 2018

Sell near the resistance area 1.1792 and 1.1832 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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