Technical Analysis EUR/USD 13 September

2019-09-13

Today’s technical analysis is on September 13, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10555 - 1.10240; therefore, it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.11060 - 1.11565 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10765 where the Fibonacci levels indicate. The MACD histogram has crossed the zero line from the bottom up, is now located in the positive zone and above its signal line, continues to rise smoothly and thereby gives a buy signal. Stochastic Oscillator is in the overbought zone and is currently not generating clear signals. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10450, then the level of 1.10050 - 1.09545 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: 1.10660

Resistance Level 1: 1.10765
Resistance Level 2: 1.10870
Resistance Level 3: 1.10975
Resistance Level 4: 1.11080

Support Level 1: 1.10555
Support Level 2: 1.10450
Support Level 3: 1.10345
Support Level 4: 1.10240