EUR USD Technical Analysis 20 July 2020
EUR USD Technical Analysis: The EUR rose 0.37% against the USD on Friday and closed at 1.1425. Today in the Asian session, while EUR USD technical Analysis 20 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1418, which is 0.07% lower from yesterday’s closed.
The pair is expected to find support at 1.1385 and a fall through could take it to the next support level of 1.1370. The pair is expected to find its first resistance at 1.1400, and a rise through could take it to the next resistance level of 1.1450. Today’s expected trading range is between 1.1325 support and 1.1495 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1385
Support 2: 1.1370
Support 3: 1.1325
Important Important resistance levels:
Resistance 1: 1.1440
Resistance 2: 1.1450
Resistance 3: 1.1495
EUR/USD buying opportunity for intraday trading on July 20, 2020
Buy near the support zones 1.1385 and 1.1370 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 20, 2020
Sell near the resistance zones 1.1440 and 1.1450 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 Executive Board Member Lane Speech (EUR)
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