EUR USD Technical Analysis 10 March 2021
EUR USD Technical Analysis: The EUR rose 0.45% against the USD on Tuesday and closed at 1.1900. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.1877, which is 0.19% lower from yesterday’s closed.
The pair is expected to find support at 1.1850 and a fall through could take it to the next support level of 1.1835. The pair is expected to find its first resistance at 1.1910, and a rise through could take it to the next resistance level of 1.1930. Today’s expected trading range is between 1.1800 support and 1.1960 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1850
Support 2: 1.1835
Support 3: 1.1800
Important Important resistance levels:
Resistance 1: 1.1910
Resistance 2: 1.1930
Resistance 3: 1.1960
EUR/USD buying opportunity for intraday trading on March 10, 2021
Buy near the support zones 1.1850 and 1.1835 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 March 10, 2021
Sell near the resistance zones 1.1910 and 1.1930 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: CPI m/m (USD), BoC Interest Rate Decision (CAD), EIA Crude Oil Stocks Change (USD).