EUR USD Technical Analysis 22 July 2020
EUR USD Technical Analysis: The EUR rose 0.69% against the USD on Tuesday and closed at 1.1526. Today in the Asian session, while EUR USD technical Analysis 22 July 2020 is preparing at 5:15 GMT, the pair is trading at 1.1533, which is 0.06% higher from yesterday’s closed.
The pair is expected to find support at 1.1495 and a fall through could take it to the next support level of 1.1465. The pair is expected to find its first resistance at 1.1570, and a rise through could take it to the next resistance level of 1.1615. Today’s expected trading range is between 1.1425 support and 1.1685 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1495
Support 2: 1.1465
Support 3: 1.1425
Important Important resistance levels:
Resistance 1: 1.1570
Resistance 2: 1.1615
Resistance 3: 1.1685
EUR/USD buying opportunity for intraday trading on July 22, 2020
Buy near the support zones 1.1495 and 1.1465 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 22, 2020
Sell near the resistance zones 1.1570 and 1.1615 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: CPI m/m (CAD), Existing Home Sales (USD), EIA Crude Oil Stocks Change (USD).