Technical Analysis on EUR/USD 10h of January

2018-01-10

Today's technical analysis on January 10, the EUR / USD pair is dominated by bullish sentiments to complete consolidation in the Asian session, at strong support levels 1.19320 - 1.20250 therefore it is desirable to wait for a breakdown of a strong resistance level that can open the way to levels 1.20200 - 1.20850, London and New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.19550 where the Fibonacci levels indicate. The MACD histogram is in the negative area but does not give clear signals. Stochastic Oscillator is in the reselling zone and forms a buy signal. In the alternative scenario, you should wait for the breakdown of the strong support level 1.19250, then the investors' target will be the levels of 1.18850 - 1.17925

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: 1.19400

Resistance level 1: 1.19650
Resistance level 2: 1.19950
Resistance Level 3: 1.20125
Resistance level 4: 1.20450

Support level 1: 1.19350
Support Level 2: 1.19250
Support Level 3: 1.18800
Support Level 4: 1.18425