Technical Analysis on EUR/USD 11h of January

2018-01-11

Today's technical analysis on January 11, the pair EUR / USD dominate, bearish sentiment to complete consolidation in the Asian session, at strong resistance levels 1.19650 - 1.20575 therefore it is desirable to wait for the breakdown of a strong support level that can open the way to levels 1.18850-1.18050, 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 1.19250 to which the Fibonacci levels indicate. The MACD histogram is in the negative zone above its signal line but starts to decrease smoothly, thereby giving a sell signal. Stochastic Oscillator is in the neutral zone and generates a similar signal. In the alternative scenario, you should wait for the breakdown of the strong resistance level 1.19650, then the investors' target will be the levels of 1.20000 - 1.20800

In essence, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate a significant movement towards 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: 1.19450

Resistance level 1: 1.19650
Resistance level 2: 1.19950
Resistance level 3: 1.20250
Resistance level 4: 1.20575

Support level 1: 1.19350
Support Level 2: 1.19250
Support Level 3: 1.18825
Support Level 4: 1.18575