EUR USD Technical Analysis January 31, 2019
The EUR rose 0.40% against the USD on Wednesday and closed at 1.1477. Today in the European session while EUR USD technical analysis January 31, 2019 is preparing at 9:15 GMT, the pair is trading at 1.1485, which is 0.06% higher from yesterday’s closed.
The pair is expected to find support at 1.1422 and a fall through could take it to the next support level of 1.1366. The pair is expected to find its first resistance at 1.1517, and a rise through could take it to the next resistance level of 1.1557. For today the expected trading range is between 1.1422, Support and 1.1557 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1422, Support 2: 1.1366, Support 3: 1.1326
Resistance Levels: Resistance 1: 1.1517, Resistance 2: 1.1557, Resistance 3: 1.1612
EUR/USD Buying Opportunity for Intraday Trading January 31, 2019
Buy near the support area 1.1422 and 1.1366 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 31, 2019
Sell near the resistance area 1.1517 and 1.1557 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.