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EUR USD Technical Analysis January 21, 2019

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EUR USD Technical Analysis January 21, 2019

The EUR declined 0.21% against the USD on Friday and closed at 1.1363. Today in the European session while EUR USD technical analysis January 21, 2019 is preparing at 9:15 GMT, the pair is trading at 1.1375, which is 0.10% higher from yesterday’s closed.

The pair is expected to find support at 1.1340 and a fall through could take it to the next support level of 1.1318. The pair is expected to find its first resistance at 1.1397, and a rise through could take it to the next resistance level of 1.1432. For today the expected trading range is between 1.1340, Support and 1.1497 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.1340, Support 2: 1.1318, Support 3: 1.1283
Resistance Levels: Resistance 1: 1.1397, Resistance 2: 1.1432, Resistance 3: 1.1454

EUR/USD Buying Opportunity for Intraday Trading January 21, 2019

Buy near the support area 1.1340 and 1.1318 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 January 21, 2019

Sell near the resistance area 1.1397 and 1.1432 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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