Technical Analysis on EUR/USD 17h of April

2018-04-17

Today's technical analysis on April 17, the pair EUR / USD is dominated by bullish sentiments to complete consolidation in the Asian session, at strong support levels 1.23775 - 1.23470 therefore it is desirable to wait for a breakdown of a strong resistance level that can open the way to levels 1.24275 - 1.24950 within the London and New York sessions.

Thus, the best opportunities for placing deals, can be initiated before or during the London session with 1.24000 where the Fibonacci levels indicate. The MACD histogram is located in the positive area and above its signal line, giving a buy signal. Stochastic Oscillator is in the overbought zone and forms the opposite signal. In the alternative scenario, one should wait for the breakdown of the strong support level 1.23775, then the investors' target will be the levels of 1.23305 - 1.22870.

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: 1.23800

Resistance level 1: 1.23870
Resistance level 2: 1.24000
Resistance level 3: 1.24155
Resistance level 4: 1.24350

Support level 1: 1.23775
Support Level 2: 1.23855
Support Level 3: 1.23670
Support Level 4: 1.23470