Technical Analysis EUR/USD 14 June


Today's technical analysis for June 14, the EUR / USD pair is dominated by bearish sentiment to complete consolidation in the Asian session, at strong resistance levels of 1.12835 - 1.13155 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels  1.12320 - 1.11835 during London and New York Sessions.

Thus, the best placement opportunities for deals can be initiated before or during the London session from 1.12635 where Fibonacci levels indicate. The MACD histogram is located in the negative zone and below its signal line, continues to decrease smoothly and thereby gives a sell signal. Stochastic Oscillator is in the oversold zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong resistance level of 1.12945, then the target of investors will be the levels 1.13365 - 1.13870.

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: 1.12730

Resistance Level 1: 1.12835
Resistance Level 2: 1.12945
Resistance Level 3: 1.13050
Resistance Level 4: 1.13155

Support Level 1: 1.12635
Support Level 2: 1.12530
Support Level 3: 1.12425
Support level 4: 1.12320