EUR USD Technical Analysis 1 December 2020
EUR USD Technical Analysis: The EUR declined 0.30% against the USD on Monday and closed at 1.1925. Today in the Asian session, while EUR USD technical Analysis 1 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.1958, which is 0.27% higher from yesterday’s closed.
The pair is expected to find support at 1.1925 and a fall through could take it to the next support level of 1.1900. The pair is expected to find its first resistance at 1.1980, and a rise through could take it to the next resistance level of 1.2000. Today’s expected trading range is between 1.1825 support and 1.2000 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1925
Support 2: 1.1900
Support 3: 1.1885
Important Important resistance levels:
Resistance 1: 1.1980
Resistance 2: 1.2000
Resistance 3: 1.2035
EUR/USD buying opportunity for intraday trading on December 1, 2020
Buy near the support zones 1.1925 and 1.1900 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
EUR/USD selling opportunity for intraday trading on December 1, 2020
Sell near the resistance zones 1.1980 and 1.2000 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.
Economic events to watch for the next 24 hours: GDP m/m (CAD), ISM Manufacturing PMI (USD), Fed Chair Powell Testimony (USD), Fed Governor Brainard Speech (USD), ECB President Lagarde Speech (USD).