Technical Analysis EUR/USD 11 September

2019-09-11

Today’s technical analysis is on September 11, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10410 - 1.10090; therefore, it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.10915 - 1.11420 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10610 where the Fibonacci levels indicate. The MACD histogram is still in the positive zone, but slightly below its signal line, it began to rise very smoothly and thereby indicates a possible increase in bullish sentiment. Stochastic Oscillator is in the neutral zone and is giving a buy signal. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10300, then the level of 1.09910 - 1.09400 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 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: 1.10500


Resistance Level 1: 1.10610
Resistance Level 2: 1.10715
Resistance Level 3: 1.10820
Resistance Level 4: 1.10925

Support Level 1: 1.10410
Support Level 2: 1.10300
Support Level 3: 1.10195
Support Level 4: 1.10090