Technical Analysis EUR/USD 12 June

2019-06-12

Today's technical analysis on June 12, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.13050 - 1.12735 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels of 1.13545 - 1.14050 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.13250 where Fibonacci levels indicate. The MACD histogram is still located in the positive zone and above its signal line, continues to increase smoothly and thus gives a buy signal. Stochastic Oscillator has returned to the overbought zone and is generating a similar signal. In the alternative scenario, we should wait for the breakdown of the strong support level of 1.12945, then the target of investors will be the levels 1.12555 - 1.12050.

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: 1.13150

Resistance Level 1: 1.13250
Resistance Level 2: 1.13355
Resistance Level 3: 1.13460
Resistance Level 4: 1.13555

Support Level 1: 1.13050
Support Level 2: 1.12945
Support Level 3: 1.12840
Support level 4: 1.12735