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EUR USD Technical Analysis February 7, 2019

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EUR USD Technical Analysis February 7, 2019

The EUR declined 0.38% against the USD on Wednesday and closed at 1.1360. Today in the European session while EUR USD technical analysis February 7, 2019 is preparing at 9:15 GMT, the pair is trading at 1.1345, which is 0.13% lower from yesterday’s closed.

The pair is expected to find support at 1.1344 and a fall through could take it to the next support level of 1.1328. The pair is expected to find its first resistance at 1.1393, and a rise through could take it to the next resistance level of 1.1425. For today the expected trading range is between 1.1295, Support and 1.1393 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.1344, Support 2: 1.1328, Support 3: 1.1295
Resistance Levels: Resistance 1: 1.1393, Resistance 2: 1.1425, Resistance 3: 1.1442

EUR/USD Buying Opportunity for Intraday Trading February 7, 2019

Buy near the support area 1.1344 and 1.1328 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 February 7, 2019

Sell near the resistance area 1.1393 and 1.1425 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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