Technical Analysis EUR/USD 12 September

2019-09-12

Today's technical analysis is on September 12, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10020 - 1.09705; therefore, it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.10525 - 1.11030 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10225 where the Fibonacci levels indicate. The MACD histogram still crossed the zero line from top to bottom, is now located in the negative zone and below its signal line, continues to smoothly decline and thereby gives a sell signal. Stochastic Oscillator is in the neutral zone and is generating the opposite signal. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.09915, then the levels of 1.09525 - 1.09010 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: 1.10120


Resistance Level 1: 1.10225
Resistance Level 2: 1.10330
Resistance Level 3: 1.10435
Resistance Level 4: 1.10540

Support Level 1: 1.10020
Support Level 2: 1.09915
Support Level 3: 1.09810
Support Level 4: 1.09705