Technical Analysis EUR/USD 09 July

2019-07-09

Today's technical analysis for July 09, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12030 - 1.11710 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.12510 - 1.12995 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12235 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone, but it crossed with its signal line and at the moment does not give clear signals. Stochastic Oscillator is in the oversold zone and also does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11925, then the target of investors will be the levels 1.11530 - 1.11000.

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: 1.12130

Resistance Level 1: 1.12235
Resistance Level 2: 1.12340
Resistance Level 3: 1.12455
Resistance Level 4: 1.12565

Support Level 1: 1.12030
Support Level 2: 1.11925
Support Level 3: 1.11820
Support level 4: 1.11710