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EUR USD Technical Analysis Aug 6, 2019

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EUR USD Technical Analysis Aug 6, 2019

EUR USD Technical Analysis: The EUR rose 0.88% against the USD on Monday and closed at 1.1202. Today in the European session while EUR USD technical Analysis Aug 6, 2019 is preparing at 7:15 GMT, the pair is trading at 1.1195, which is 0.06% lower from yesterday’s closed.

The pair is expected to find support at 1.1133 and a fall through could take it to the next support level of 1.1064. The pair is expected to find its first resistance at 1.1242, and a rise through could take it to the next resistance level of 1.1282. For today the expected trading range is between 1.1133, Support and 1.1282 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.1133, Support 2: 1.1064, Support 3: 1.1024
Resistance Levels: Resistance 1: 1.1242, Resistance 2: 1.1282, Resistance 3: 1.1350

EUR/USD Buying Opportunity for Intraday Trading Aug 6, 2019

Buy near the support area 1.1133 and 1.1064 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 Aug 6, 2019

Sell near the resistance area 1.1242 and 1.1282 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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