EUR USD Technical Analysis February 8, 2019
The EUR declined 0.20% against the USD on Thursday and closed at 1.1338. Today in the European session while EUR USD technical analysis February 8, 2019 is preparing at 9:15 GMT, the pair is trading at 1.1335, which is 0.02% lower from yesterday’s closed.
The pair is expected to find support at 1.1320 and a fall through could take it to the next support level of 1.1300. The pair is expected to find its first resistance at 1.1362, and a rise through could take it to the next resistance level of 1.1387. For today the expected trading range is between 1.1300, Support and 1.1387 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1320, Support 2: 1.1300, Support 3: 1.1275
Resistance Levels: Resistance 1: 1.1362, Resistance 2: 1.1387, Resistance 3: 1.1407
EUR/USD Buying Opportunity for Intraday Trading February 8, 2019
Buy near the support area 1.1320 and 1.1300 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 8, 2019
Sell near the resistance area 1.1362 and 1.1387 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.