Technical Analysis EUR/USD 06 June

2019-06-06

Today's technical analysis on June 6, the EUR / USD pair is dominated by bearish moods to complete consolidation in the Asian session, at strong resistance levels of 1.12410 - 1.12735 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels of 1.11915 - 1.11425 within the London and New York Sessions.

Thus, the best placement opportunities of transactions can be initiated before or during the London session from 1.12210 where Fibonacci levels indicate. The MACD histogram is still located in the positive zone, but already below its signal line, continues to decrease smoothly and thereby gives a sell signal. Stochastic Oscillator entered the oversold zone and forms a similar signal. In the alternative scenario, one should wait for the breakdown of the strong resistance level of 1.12520, then the target of investors will be the levels of 1.12925 - 1.13430.

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: 1.12300

Resistance Level 1: 1.12410
Resistance Level 2: 1.12520
Resistance Level 3: 1.12625
Resistance Level 4: 1.12735

Support Level 1: 1.12210
Support Level 2: 1.12015
Support Level 3: 1.11920
Support level 4: 1.11810