EUR USD Technical Analysis 8 March 2021
EUR USD Technical Analysis: The EUR declined 0.47% against the USD on Friday and closed at 1.1912. Today in the Asian session, while EUR USD technical Analysis 28 December 2020 is preparing at 4:45 GMT, the pair is trading at 1.1885, which is 0.22% lower from yesterday’s closed.
The pair is expected to find support at 1.1875 and a fall through could take it to the next support level of 1.1840. The pair is expected to find its first resistance at 1.1930, and a rise through could take it to the next resistance level of 1.1960. Today’s expected trading range is between 1.1800 support and 1.1995 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.1875
Support 2: 1.1840
Support 3: 1.1800
Important Important resistance levels:
Resistance 1: 1.1930
Resistance 2: 1.1960
Resistance 3: 1.1995
EUR/USD buying opportunity for intraday trading on March 8, 2021
Buy near the support zones 1.1875 and 1.1840 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 March 8, 2021
Sell near the resistance zones 1.1930 and 1.1960 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: There is no any high impact news today.