EUR USD Technical Analysis 16 April 2020

EUR USD Technical Analysis: The EUR declined 0.65% against the USD on Wednesday and closed at 1.0907. Today in the Asian session while EUR USD technical Analysis 16 April 2020 is preparing at 6:45 GMT, the pair is trading at 1.0888, which is 0.17% lower from yesterday’s closed.

The pair is expected to find support at 1.0845 and a fall through could take it to the next support level of 1.0783. The pair is expected to find its first resistance at 1.0980, and a rise through could take it to the next resistance level of 1.1052. For today the expected trading range is between 1.0783 Support and 1.0980 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.0845, Support 2: 1.0783, Support 3: 1.0711
Resistance Levels: Resistance 1: 1.0980, Resistance 2: 1.1052, Resistance 3: 1.1115

EUR/USD Buying Opportunity for Intraday Trading 16 April 2020

Buy near the support area 1.0845 and 1.0783 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

EUR/USD Selling Opportunity for Intraday Trading 16 April 2020

Sell near the resistance area 1.0980 and 1.1052 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

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