EUR USD Technical Analysis September 19, 2018
The EUR declined 0.15% against the USD on Tuesday and closed at 1.1664. Today in the Asian session while EUR USD technical analysis September 19, 2018 is preparing at 10:15 GMT, the pair is trading at 1.1700, which is 0.30% higher from yesterday’s closed.
When the European market opens, the economic data will release such as Eurozone construction output: After the Eurozone construction output increased by 2.6% in June 2018, it was revised upwards in the past two months and exceeded the market expectations of 1.6%. This is the largest increase in construction output since January, thanks to construction activity (2.1% vs. 1.4% in May) and civil engineering (3.7%, the same as in May).
Eurozone interest rate: The ECB maintained its benchmark refinancing rate at 0% on September 13, 2018, in line with market expectations. Policymakers reiterated that from September to December 2018, the monthly rhythm of net asset purchases will be reduced to 15 billion euros and then ended.
When the US market opens, the economic data will release such as US building permit, US housing starts, US current account, crude oil inventories
EUR USD technical analysis September 19, 2018
The pair is expected to find support at 1.1635 and a fall through could take it to the next support level of 1.1607. The pair is expected to find its first resistance at 1.1708, and a rise through could take it to the next resistance level of 1.1751. For today the expected trading range is between 1.1635, Support and 1.1751 Resistance.
The expected trend for today is Bullish.
Supports Levels: Support 1: 1.1635, Support 2: 1.1607, Support 3: 1.1563
Resistance Levels: Resistance 1: 1.1708, Resistance 2: 1.1751, Resistance 3: 1.1780
Previous day`s high: 1.1723
Previous day`s low: 1.1651
EUR/USD Buying Opportunity for Intraday Trading September 19, 2018
Buy near the support area 1.1635 and 1.1607 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading September 19, 2018
Sell near the resistance area 1.1708 and 1.1751 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.
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