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EUR USD Technical Analysis 29 May 2020

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EUR USD Technical Analysis 29 May 2020

EUR USD Technical Analysis: The EUR rose 0.65% against the USD on Thursday and closed at 1.1077. Today in the European session while EUR USD technical Analysis 29 May 2020 is preparing at 6:45 GMT, the pair is trading at 1.1110, which is 0.31% higher from yesterday’s closed.

The pair is expected to find support at 1.1015 and a fall through could take it to the next support level of 1.0950. The pair is expected to find its first resistance at 1.1155, and a rise through could take it to the next resistance level of 1.1085. For today the expected trading range is between 1.1015 Support and 1.1155 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.1015, Support 2: 1.0950, Support 3: 1.0910
Resistance Levels: Resistance 1: 1.1120, Resistance 2: 1.1155, Resistance 3: 1.1220

EUR/USD Buying Opportunity for Intraday Trading 29 May 2020

Buy near the support area 1.1015 and 1.0950 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 29 May 2020

Sell near the resistance area 1.1155 and 1.1220 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.

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