Technical Analysis EUR/USD 02 July

2019-07-02

Today’s technical analysis is at 02 July, bearish moods dominate the EUR / USD pair to complete consolidation in the Asian session, at strong resistance levels of 1.12825 - 1.13145 therefore it is desirable to wait for the breakdown of a strong support level that can open the way to the levels of 1.12335 - 1.11830 in London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12725 where Fibonacci levels indicate. The MACD histogram crossed the zero line from top to bottom, is now located in the negative zone and below its signal line, continues to gradually decline and thereby gives a signal to sell. Stochastic Oscillator is in the oversold zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong resistance level of 1.12935, then the target of investors will be the levels 1.13330 - 1.13825.

In essence, today's expected important economic news in particular can lead to significant volatility of key pairs, which can stimulate a significant movement to fluctuations during the London and New York sessions. This enables investors to take advantage of Buy / Sell transactions from minimum / maximum levels throughout the day.

Analysis of EUR / USD

Price at the moment: 1.12820

Resistance Level 1: 1.12825
Resistance Level 2: 1.12935
Resistance Level 3: 1.13040
Resistance Level 4: 1.13145

Support Level 1: 1.12725
Support Level 2: 1.12620
Support Level 3: 1.12515
Support level 4: 1.12410