Technical Analysis EUR/USD 03 July

2019-07-03

Today's technical analysis for July 03, the EUR / USD pair is dominated by bearish sentiments to complete consolidation in the Asian session, at strong resistance levels of 1.13005 - 1.13325 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels of 1.12530 - 1.12025 within 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 is still located in the negative zone and below its signal line, but it began to move almost parallel to the time axis and at the moment does not give clear signals. Stochastic Oscillator is in the oversold zone and generates a sell signal. In the alternative scenario, one should wait for the breakdown of the strong resistance level of 1.13115, then the target of the investors will be the levels 1.13500 - 1.13995.

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: 1.12890

Resistance Level 1: 1.13005
Resistance Level 2: 1.13115
Resistance Level 3: 1.13220
Resistance Level 4: 1.13325

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