Technical Analysis EUR/USD 09 May


Today's technical analysis for May 09, the EUR / USD pair is dominated by bullish moods to complete consolidation in the Asian session, at strong support levels of 1.11815 - 1.11505 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels 1.12360 - 1.12875 during London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12075 where Fibonacci levels indicate. The MACD histogram has almost merged with its signal, as well as zero lines, and at the moment does not give clear signals. Stochastic Oscillator is in the neutral zone and also does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11710, then the target of investors will be the levels 1.11330 - 1.10810.

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 EUR / USD

Price at the moment: 1.11910

Resistance Level 1: 1.12075
Resistance Level 2: 1.12165
Resistance Level 3: 1.12270
Resistance Level 4: 1.12375

Support Level 1: 1.11815
Support Level 2: 1.11710
Support Level 3: 1.11610
Support level 4: 1.11505