Technical Analysis EUR/USD 03 January


Today's technical analysis is on January 03, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.11835 - 1.12155; therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.11325 - 1.10820 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11625 where the Fibonacci levels indicate. The MACD histogram is in the positive zone, but below its signal line, continues to decline rapidly and thereby gives a sell signal. Stochastic Oscillator is in the oversold zone and is currently not generating clear signals. In an alternative scenario, you should wait for the breakdown of the strong resistance level 1.11945, then the level of 1.12340 - 1.12845 will become the goal of investors.

In fact, 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 allows investors to take advantage of the Buy / Sell transactions from minimum / maximum levels throughout the day.

EUR / USD analysis

Current price: 1.11730

Resistance Level 1: 1.11835
Resistance Level 2: 1.11945
Resistance Level 3: 1.12050
Resistance Level 4: 1.12155

Support Level 1: 1.11625
Support Level 2: 1.11520
Support Level 3: 1.11415
Support Level 4: 1.11310