Technical Analysis EUR/USD 13 June

2019-06-13

Today's technical analysis  June 13, the EUR / USD pair is dominated by bearish sentiment to complete consolidation in the Asian session, at strong resistance levels of 1.13220 - 1.13535 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels 1.12715 - 1.12225 during London and New York Sessions.

Thus, the best placement opportunities for deals can be initiated before or during the London session from 1.12980 where Fibonacci levels indicate. The MACD histogram is still located in the positive zone, but already below its signal line, continues to decrease smoothly and thereby gives a sell signal. Stochastic Oscillator entered the oversold zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong resistance level of 1.13325, then the target of investors will be the levels 1.13730 - 1.14235.

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: 1.13100

Resistance Level 1: 1.13220
Resistance Level 2: 1.13325
Resistance Level 3: 1.13430
Resistance Level 4: 1.13535

Support Level 1: 1.12980
Support Level 2: 1.12870
Support Level 3: 1.12765
Support level 4: 1.12655