Technical Analysis EUR/USD 12 July

2019-07-12

Today's technical analysis for July 12, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12540 - 1.12225 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.13055 - 1.13545 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12745 where Fibonacci levels indicate. The MACD histogram crossed the zero line from the bottom up, is now located in the positive zone and above its signal line, continues to increase smoothly and thereby gives a buy signal. The Stochastic Oscillator is near the overbought zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12435, then the target of investors will be the levels of 1.12035 - 1.11530.

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: 1.12640

Resistance Level 1: 1.12745
Resistance Level 2: 1.12855
Resistance Level 3: 1.12960
Resistance Level 4: 1.13065

Support Level 1: 1.12540
Support Level 2: 1.12435
Support Level 3: 1.12330
Support level 4: 1.12225