Technical Analysis EUR/USD 10 May

2019-05-10

Today's technical analysis on May 10, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12175 - 1.11870 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.12600 - 1.13125 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12450 where Fibonacci levels indicate. The MACD histogram is located in the positive zone and above its signal line, continues to gradually increase and thereby sends a buy signal. Stochastic Oscillator went to the overbought zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12070, then the target of investors will be the levels 1.11675 - 1.11075.

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: 1.12280

Resistance Level 1: 1.12450
Resistance Level 2: 1.12560
Resistance Level 3: 1.12665
Resistance Level 4: 1.12800

Support Level 1: 1.12175
Support Level 2: 1.12070
Support Level 3: 1.11965
Support level 4: 1.11870