Technical Analysis EUR/USD 13 January

2020-01-13

Today's technical analysis is on January 13, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels 1.11185 - 1.10870, therefore it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.11690 - 1.12195 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11395, where the Fibonacci levels indicate. The MACD histogram is still located in the negative zone, but already above its signal line, continues to rise smoothly and thereby gives a buy signal. Stochastic Oscillator has entered the overbought zone and is forming a similar signal. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.11080, then the levels of 1.10680 - 1.10170 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 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: 1.11290

Resistance Level 1: 1.11395
Resistance Level 2: 1.11500
Resistance Level 3: 1.11610
Resistance Level 4: 1.11715

Support Level 1: 1.11185
Support Level 2: 1.11080
Support Level 3: 1.10975
Support Level 4: 1.10870