EUR USD Technical Analysis 1 July 2021
EUR USD Technical Analysis: The EUR declined 0.33% against the USD on Tuesday and closed at 1.1855. Today in the Asian session, while EUR USD technical Analysis 1 July 2021 is preparing at 4:45 GMT, the pair is trading at 1.1851, which is 0.04% lower from yesterday’s closed.
The pair is expected to find support at 1.1830 and a fall through could take it to the next support level of 1.1800. The pair is expected to find its first resistance at 1.1870, and a rise through could take it to the next resistance level of 1.1895. Today’s expected trading range is between 1.1800 support and 1.1910 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1830
Support 2: 1.1800
Support 3: 1.1775
Important Important resistance levels:
Resistance 1: 1.1870
Resistance 2: 1.1995
Resistance 3: 1.1910
EUR/USD buying opportunity for intraday trading on July 1, 2021
Buy near the support zones 1.1830 and 1.1800 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 July 1, 2021
Sell near the resistance zones 1.1870 and 1.1895 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: ISM Manufacturing PMI (USD), Initial Jobless Claims (USD).