Technical Analysis EUR/USD 05 September


Today's technical analysis is on September 05, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels 1.10155 - 1.09740 therefore it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.10660 - 1.11165 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10365 where the Fibonacci levels indicate. The MACD histogram is still located in the negative zone and above its signal line, continues to rise smoothly and thereby gives a buy signal. Stochastic Oscillator is in the overbought zone and is currently not generating clear signals. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.09950, then the levels of 1.09650 - 1.09145 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 throughout the day.

EUR / USD analysis

Current price: 1.10260

Resistance Level 1: 1.10365
Resistance Level 2: 1.10470
Resistance Level 3: 1.10575
Resistance Level 4: 1.10680

Support Level 1: 1.10155
Support Level 2: 1.09950
Support Level 3: 1.09845
Support Level 4: 1.09740