EUR USD Technical Analysis 10 December 2020
EUR USD Technical Analysis: The EUR declined 0.18% against the USD on Wednesday and closed at 1.2080. Today in the Asian session, while EUR USD technical Analysis 10 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2087, which is 0.06% higher from yesterday’s closed.
The pair is expected to find support at 1.2060 and a fall through could take it to the next support level of 1.2040. The pair is expected to find its first resistance at 1.2100, and a rise through could take it to the next resistance level of 1.2130. Today’s expected trading range is between 1.2040 support and 1.2150 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2060
Support 2: 1.2040
Support 3: 1.2000
Important Important resistance levels:
Resistance 1: 1.2100
Resistance 2: 1.2130
Resistance 3: 1.2150
EUR/USD buying opportunity for intraday trading on December 10, 2020
Buy near the support zones 1.2060 and 1.2040 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 10, 2020
Sell near the resistance zones 1.2100 and 1.2130 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: ECB Deposit Facility Rate Decision (EUR), ECB Interest Rate Decision (EUR), ECB Marginal Lending Facility Rate Decision (EUR), CPI m/m (USD), Core CPI m/m (USD), Initial Jobless Claims (USD).