EUR USD Technical Analysis 29 June 2020
EUR USD Technical Analysis: The EUR declined 0.01% against the USD on Friday and closed at 1.1217. Today in the European session while EUR USD technical Analysis 29 June 2020 is preparing at 5:45 GMT, the pair is trading at 1.1248, which is 0.27% lower from yesterday’s closed.
The pair is expected to find support at 1.1195 and a fall through could take it to the next support level of 1.1175. The pair is expected to find its first resistance at 1.1265, and a rise through could take it to the next resistance level of 1.1285. For today the expected trading range is between 1.1175 Support and 1.1285 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.1340, Support 2: 1.1165, Support 3: 1.1285
Resistance Levels: Resistance 1: 1.1300, Resistance 2: 1.1350, Resistance 3: 1.1380
EUR/USD Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1.1195 and 1.1175 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading 18 June 2020
Sell near the resistance area 1.1265 and 1.1285 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.