EUR USD Technical Analysis 28 September 2020
EUR USD Technical Analysis: The EUR declined 0.35% against the USD on Friday and closed at 1.1630. Today in the Asian session, while EUR USD technical Analysis 28 September 2020 is preparing at 4:45 GMT, the pair is trading at 1.1643, which is 0.11% higher from yesterday’s closed.
The pair is expected to find support at 1.1615 and a fall through could take it to the next support level of 1.1600. The pair is expected to find its first resistance at 1.1680, and a rise through could take it to the next resistance level of 1.1715. Today’s expected trading range is between 1.1570 support and 1.1715 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.1615
Support 2: 1.1600
Support 3: 1.1570
Important Important resistance levels:
Resistance 1: 1.1680
Resistance 2: 1.1715
Resistance 3: 1.1745
EUR/USD buying opportunity for intraday trading on September 28, 2020
Buy near the support zones 1.1615 and 1.1600 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 September 28, 2020
Sell near the resistance zones 1.1680 and 1.1715 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: No (USD) news due to bank holiday