Technical Analysis EUR/USD 04 July

2019-07-04

Today's technical analysis for July 4, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12755 - 1.12440 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels of 1.13225 - 1.13750 in London and New York Sessions.

Thus, the best placement opportunities of transactions can be initiated before or during the London session from 1.12950 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone, but already slightly above its signal line, continues to increase very smoothly and thus gives an unclear buy signal. Stochastic Oscillator is out of the oversold zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12650, then the target of investors will be the levels of 1.12250 - 1.11755.

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: 1.12850

Resistance Level 1: 1.12950
Resistance Level 2: 1.13055
Resistance Level 3: 1.13160
Resistance Level 4: 1.13265

Support Level 1: 1.12755
Support Level 2: 1.12650
Support Level 3: 1.12545
Support level 4: 1.12440