Technical Analysis EUR/USD 13 August

2019-08-13

Today’s technical analysis is on August 13, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.11975 - 1.12290  therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.11550 - 1.11045 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11765 where the Fibonacci levels indicate. The MACD histogram is still located in the positive zone and slightly below its signal line, continues to decline very smoothly and thereby gives a sell signal. Stochastic Oscillator is in the neutral zone and is generating a similar signal. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.12080, then the levels of 1.12470 - 1.12975 will become the goal 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: 1.11870

Resistance Level 1: 1.11975
Resistance Level 2: 1.12080
Resistance Level 3: 1.12185
Resistance Level 4: 1.12290

Support Level 1: 1.11765
Support Level 2: 1.11660
Support Level 3: 1.11555
Support Level 4: 1.11450