EUR USD Technical Analysis 28 August 2020
EUR USD Technical Analysis: The EUR declined 0.07% against the USD on Wednesday and closed at 1.1821. Today in the Asian session, while EUR USD technical Analysis 28 August 2020 is preparing at 5:15 GMT, the pair is trading at 1.1897, which is 0.64% higher from yesterday’s closed.
The pair is expected to find support at 1.1815 and a fall through could take it to the next support level of 1.1760. The pair is expected to find its first resistance at 1.1910, and a rise through could take it to the next resistance level of 1.1950. Today’s expected trading range is between 1.1710 support and 1.1970 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1815
Support 2: 1.1760
Support 3: 1.1710
Important Important resistance levels:
Resistance 1: 1.1910
Resistance 2: 1.1950
Resistance 3: 1.1970
EUR/USD buying opportunity for intraday trading on August 28, 2020
Buy near the support zones 1.1815 and 1.1760 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 August 28, 2020
Sell near the resistance zones 1.1910 and 1.1950 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: GDP m/m (CAD), Core PCE Price Index m/m (USD), Personal Spending m/m (USD), BoE Governor Bailey Speech (GBP), MNI Chicago Business Barometer (USD), Michigan Consumer Sentiment (USD),