EUR USD Technical Analysis 22 October 2020
EUR USD Technical Analysis: The EUR rose 0.33% against the USD on Wednesday and closed at 1.1859. Today in the Asian session, while EUR USD technical Analysis 22 October 2020 is preparing at 4:45 GMT, the pair is trading at 1.1841, which is 0.16% lower from yesterday’s closed.
The pair is expected to find support at 1.1825 and a fall through could take it to the next support level of 1.1790. The pair is expected to find its first resistance at 1.1880, and a rise through could take it to the next resistance level of 1.1910. Today’s expected trading range is between 1.1760 support and 1.1910 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1825
Support 2: 1.1790
Support 3: 1.1760
Important Important resistance levels:
Resistance 1: 1.1880
Resistance 2: 1.1910
Resistance 3: 1.1950
EUR/USD buying opportunity for intraday trading on October 22, 2020
Buy near the support zones 1.1825 and 1.1790 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 October 22, 2020
Sell near the resistance zones 1.1880 and 1.1910 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: BoE Governor Bailey Speech (GBP), Initial Jobless Claims (USD), Existing Home Sales (USD).