EUR USD Technical Analysis November 8, 2018
The EUR rose 0.01% against the USD on Wednesday and closed at 1.1424. Today in the European session while EUR USD technical analysis November 8, 2018 is preparing at 8:15 GMT, the pair is trading at 1.1417, which is 0.06% lower from yesterday’s closed.
The pair is expected to find support at 1.1378 and a fall through could take it to the next support level of 1.1332. The pair is expected to find its first resistance at 1.1485, and a rise through could take it to the next resistance level of 1.1547. For today the expected trading range is between 1.1378, Support and 1.1485 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1378, Support 2: 1.1332, Support 3: 1.1271
Resistance Levels: Resistance 1: 1.1485, Resistance 2: 1.1547, Resistance 3: 1.1492
EUR/USD Buying Opportunity for Intraday Trading November 8, 2018
Buy near the support area 1.1378 and 1.1332 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading November 8, 2018
Sell near the resistance area 1.1485 and 1.1547 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.