Technical Analysis EUR/USD 10 January

2020-01-10

Today’s technical analysis is on January 10, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.11175 - 1.11490, therefore it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.10670 - 1.10165 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10965 where the Fibonacci levels indicate. The MACD histogram is still located in the negative zone and slightly below its signal line, but it began to rise very smoothly and thereby indicates a possible increase in bullish sentiment. Stochastic Oscillator has moved out of the oversold zone and is currently not generating clear signals. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.11710, then the levels of 1.11680 - 1.12185 will become the target of investors.

In fact, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate 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: 1.11070

Resistance Level 1: 1.11175
Resistance Level 2: 1.11280
Resistance Level 3: 1.11385
Resistance Level 4: 1.11490

Support Level 1: 1.10965
Support Level 2: 1.10860
Support Level 3: 1.10755
Support Level 4: 1.10650