Technical Analysis on EUR/USD 09h of January

2018-01-09

Today's technical analysis on January 9, the EUR / USD pair is dominated by bearish sentiment to complete consolidation in the Asian session, at strong resistance levels 1.19770 - 1.20575 therefore it is desirable to wait for breakdown of a strong support level that can open the way to levels 1.18950 - 1.18050, within the limits of London and New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.19350 to which the Fibonacci levels indicate. The MACD histogram has moved to the negative zone and 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: 1.19650

Resistance level 1: 1.19770
Resistance level 2: 1.20050
Resistance level 3: 1.20450
Resistance level 4: 1.20575

Support level 1: 1.19550
Support Level 2: 1.19350
Support level 1: 1.19000
Support Level 2: 1.11860