Technical Analysis EUR/USD 05 June


Today's technical analysis on June 5, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12450 - 1.12120 therefore it is desirable to wait for the breakdown of the strong resistance level, which can open the way to the levels 1.12925 - 1.13435 during London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12685 where Fibonacci levels indicate. The MACD histogram is still located in the positive zone and above its signal line, continues to increase smoothly and thus gives a buy signal. Stochastic Oscillator has returned to the overbought zone and is generating a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12345, then the target of investors will be the levels 1.11955 - 1.11475.

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: 1.12580

Resistance Level 1: 1.12685
Resistance Level 2: 1.12780
Resistance Level 3: 1.12885
Resistance Level 4: 1.12990

Support Level 1: 1.12450
Support Level 2: 1.12345
Support Level 3: 1.12240
Support level 4: 1.12120