Technical Analysis EUR/USD 14 August

2019-08-14

Today’s technical analysis is on August 14, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.11825 - 1.12140; therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.11320 - 1.10815 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11620 where the Fibonacci levels indicate. The MACD histogram has crossed the zero line from top to bottom, is now located in the negative zone and below its signal line, continues to smoothly decline and thereby gives a sell signal. Stochastic Oscillator has entered the oversold zone and is generating a similar signal. In an alternative scenario, you should wait for the breakdown of the strong resistance level 1.11930 then the target for investors will be levels 1.12335 - 1.11840.

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: 1.11720

Resistance Level 1: 1.11825
Resistance Level 2: 1.11930
Resistance Level 3: 1.12035
Resistance Level 4: 1.12140

Support Level 1: 1.11620
Support Level 2: 1.11515
Support Level 3: 1.11410
Support Level 4: 1.11305