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EUR USD Technical Analysis 8 January 2021

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EUR USD Technical Analysis 8 January 2021

EUR USD Technical Analysis: The EUR declined 0.44% against the USD on Thursday and closed at 1.2271. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.2230, which is 0.33% lower from yesterday’s closed.

The pair is expected to find support at 1.2215 and a fall through could take it to the next support level of 1.2180. The pair is expected to find its first resistance at 1.2275, and a rise through could take it to the next resistance level of 1.2207. Today’s expected trading range is between 1.2155 support and 1.2350 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2215
Support 2: 1.2180
Support 3: 1.2155

Important Important resistance levels:

Resistance 1: 1.2275
Resistance 2: 1.2307
Resistance 3: 1.2245

EUR/USD buying opportunity for intraday trading on January 8, 2021

Buy near the support zones 1.2215 and 1.2180 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 January 8, 2021

Sell near the resistance zones 1.2275 and 1.2207 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: Employment Change (CAD), Unemployment Rate (USD), Nonfarm Payrolls (USD), Private Nonfarm Payrolls (USD), Fed Vice Chairman Clarida Speech (USD).

GBP/USD Technical Analysis 8 January 2021
USD/JPY Technical Analysis 8 January 2021
USD/CAD Technical Analysis 8 January 2021

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