Technical Analysis EUR/USD 09 September

2019-09-09

Today’s technical analysis is on September 09, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels of 1.10365 - 1.10680; therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.09855 - 1.09350 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10155 where the Fibonacci levels indicate. The MACD histogram is still located in the positive zone, but already below its signal line, continues to decline smoothly and thereby gives a sell signal. Stochastic Oscillator has entered the oversold zone and is generating a similar signal. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.10470 then the targets of investors will be the levels of 1.10870 and 1.11375.

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: 1.10050
Support Level 3: 1.09945
Support Level 4: 11.0840