Technical Analysis EUR/USD 17 June

2019-06-17

Today's technical analysis on June 17, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12110 - 1.11820 therefore it is desirable to wait for the breakdown of the strong resistance level, which can open the way to the levels 1.12625 - 1.13135 during London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12310 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and below its signal line, continues to decline rapidly and thereby sends a signal to sell. Stochastic Oscillator is in the oversold zone and forms the opposite signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12010, then the target of investors will be the levels 1.11655 - 1.11175.

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 EUR / USD

Price at the moment: 1.12200

Resistance Level 1: 1.12310
Resistance Level 2: 1.12420
Resistance Level 3: 1.12525
Resistance Level 4: 1.12630

Support Level 1: 1.12110
Support Level 2: 1.12010
Support Level 3: 1.11915
Support level 4: 1.11820