Technical Analysis on EUR/USD 12h of February

2018-02-12

Today's technical analysis on February 12, the pair EUR / USD is dominated by bullish sentiments to complete consolidation in the Asian session, at strong support levels 1.22780 - 1.21950 therefore it is desirable to wait for a breakdown of a strong resistance level that can open the way to levels 1.23440- 1.24050, session and the New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.22900 where the Fibonacci levels indicate. The MACD histogram is in the negative zone but continues to rise smoothly above the signal line, thereby giving a buy signal. Stochastic Oscillator is in the overbought zone and generates a similar signal.

In essence, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate significant movement to 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: 1.22820

Resistance level 1: 1.22900
Resistance Level 2: 1.23250
Resistance Level 3: 1.23450
Resistance level 4: 1.23700

Support level 1: 1.22780
Support Level 2: 1.22500
Support Level 3: 1.23250
Support Level 4: 1.21950