EUR USD Technical Analysis 14 July 2020
EUR USD Technical Analysis: The EUR rose 0.35% against the USD on Monday and closed at 1.1343. Today in the Asian session, while EUR USD technical Analysis 14 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1340, which is 0.04% lower from yesterday’s closed.
The pair is expected to find support at 1.1300 and a fall through could take it to the next support level of 1.1260. The pair is expected to find its first resistance at 1.1375, and a rise through could take it to the next resistance level of 1.1400. Today’s expected trading range is between 1.1260 support and 1.1410 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1300
Support 2: 1.1260
Support 3: 1.1220
Important Important resistance levels:
Resistance 1: 1.1375
Resistance 2: 1.1400
Resistance 3: 1.1410
EUR/USD buying opportunity for intraday trading on July 14, 2020
Buy near the support zones 1.1300 and 1.1260 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 14, 2020
Sell near the resistance zones 1.1375 and 1.1400 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: NAB Business Confidence (AUD); Trade Balance USD (CHY); GDP m/m (GBP); CPI m/m (USD); Core CPI m/m (USD)