EUR USD Technical Analysis 15 July 2020
EUR USD Technical Analysis: The EUR rose 0.49% against the USD on Tuesday and closed at 1.1399. Today in the Asian session, while EUR USD technical Analysis 15 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1407, which is 0.07% higher from yesterday’s closed.
The pair is expected to find support at 1.1370 and a fall through could take it to the next support level of 1.1345. The pair is expected to find its first resistance at 1.1425, and a rise through could take it to the next resistance level of 1.1460. Today’s expected trading range is between 1.1345 support and 1.1460 resistance.
The expected trend for today is Bearish (If it breaks through yesterday’s high, it will be bullish)
Important support levels:
Support 1: 1.1370
Support 2: 1.1345
Support 3: 1.1325
Important Important resistance levels:
Resistance 1: 1.1425
Resistance 2: 1.1460
Resistance 3: 1.1500
EUR/USD buying opportunity for intraday trading on July 15, 2020
Buy near the support zones 1.1370 and 1.1345 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 15, 2020
Sell near the resistance zones 1.1425 and 1.1460 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: BoJ Outlook Report (JPY); BoJ Interest Rate Decision (JPY); CPI m/m (GBP); BoJ Press Conference (JPY); Fed Industrial Production m/m (USD); BoC Monetary Policy Report (CAD); BoC Rate Statement (CAD); BoC Interest Rate Decision (CAD); EIA Crude Oil Stocks Change (USD)