EUR USD Technical Analysis 30 April 2021
EUR USD Technical Analysis: The EUR declined 0.06% against the USD on Thursday and closed at 1.2119. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2093, which is 0.22% lower from yesterday’s closed.
The pair is expected to find support at 1.2075 and a fall through could take it to the next support level of 1.2057. The pair is expected to find its first resistance at 1.2090, and a rise through could take it to the next resistance level of 1.2115. Today’s expected trading range is between 1.2057 support and 1.2145 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2075
Support 2: 1.2057
Support 3: 1.1995
Important Important resistance levels:
Resistance 1: 1.2125
Resistance 2: 1.2145
Resistance 3: 1.2185
EUR/USD buying opportunity for intraday trading on April 30, 2021
Buy near the support zones 1.2075 and 1.2057 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 April 30, 2021
Sell near the resistance zones 1.2150 and 1.2185 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, Employment Cost Index q/q (USD).