Technical Analysis EUR/USD 03 September


Today’s technical analysis is on September 03, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.09445 - 1.09765 therefore it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.08900 - 1.08455 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.09230, where the Fibonacci levels indicate. The MACD histogram is still located in the negative zone and below its signal line, continues to decline rapidly and thereby gives a sell signal. Stochastic Oscillator is in the oversold zone and is generating a similar signal. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.09550, then the level of 1.09955 - 1.10460 will become the target of investors.

In fact, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate a 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 during the day.

EUR / USD analysis

Current Price: 1.09340

Resistance Level 1: 1.09445
Resistance Level 2: 1.09550
Resistance Level 3: 1.09655
Resistance Level 4: 1.09765

Support Level 1: 1.09230
Support Level 2: 1.09125
Support Level 3: 1.09020
Support Level 4: 1.08910