EUR USD Technical Analysis 21 December 2020
EUR USD Technical Analysis: The EUR declined 0.11% against the USD on Friday and closed at 1.2254. Today in the Asian session, while EUR USD technical Analysis 21 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2197, which is 0.47% lower from yesterday’s closed.
The pair is expected to find support at 1.2280 and a fall through could take it to the next support level of 1.2125. The pair is expected to find its first resistance at 1.2230, and a rise through could take it to the next resistance level of 1.2250. Today’s expected trading range is between 1.2105 support and 1.2270 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2180
Support 2: 1.2125
Support 3: 1.2105
Important Important resistance levels:
Resistance 1: 1.2230
Resistance 2: 1.2250
Resistance 3: 1.2270
EUR/USD buying opportunity for intraday trading on December 21, 2020
Buy near the support zones 1.2280 and 1.2125 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 December 21, 2020
Sell near the resistance zones 1.2230 and 1.2250 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: New Housing Price Index m/m (CAD).