Technical Analysis EUR/USD 07 June


Today's technical analysis for June 07, the EUR / USD pair is dominated by bearish sentiment to complete consolidation in the Asian session, at strong resistance levels of 1.12775 - 1.13100 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels 1.12270 - 1.11775 during London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12675 where Fibonacci levels indicate. The MACD histogram is also all located in the positive zone, crossed with its signal line and at the moment does not give clear signals. Stochastic Oscillator is next to the overbought zone and generates a sell signal. In the alternative scenario, one should wait for the breakdown of the strong resistance level of 1.12880, then the target of investors will be the levels 1.13235 - 1.12740.

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: 1.12680

Resistance Level 1: 1.12775
Resistance Level 2: 1.12880
Resistance Level 3: 1.12995
Resistance Level 4: 1.13100

Support Level 1: 1.12675
Support Level 2: 1.12570
Support Level 3: 1.12465
Support level 4: 1.12360