Technical Analysis on EUR/USD 08h of January


Today's technical analysis on January 8, the EUR / USD pair is dominated by bearish sentiments to complete consolidation in the Asian session, at strong resistance levels of 1.20570 - 1.22010 therefore it is desirable to wait for a breakdown of a strong support level that can open the way to levels 1.19450-1.19050, London and New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.20000 to which the Fibonacci levels indicate. The MACD histogram is located in the positive area but is already below the signal line and provides a sell signal. Stochastic Oscillator has reached the limit of the reselling zone and forms a similar signal.

In essence, today's expected important economic news in particular can lead to considerable volatility of key pairs, this can stimulate a significant movement toward fluctuations during the London and New York sessions. This enables investors to take advantage of the Buy / Sell transactions from the minimum / maximum levels throughout the day.

Analysis of EUR / USD

Current price: 1.20450

Resistance level 1: 1.20575
Resistance level 2: 1.20800
Resistance level 3: 1.21400
Resistance level 4: 1.22010

Support level 1: 1.20000
Support Level 2: 1.19700
Support level 3: 1.19350
Support Level 4: 1.19120