Technical Analysis EUR/USD 17 July


Today's technical analysis for July 17, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12020 - 1.11715, therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.12540 - 1.13045 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12225 where Fibonacci levels indicate. The MACD histogram crossed the zero line from top to bottom, is now located in the negative zone and below its signal line, continues to gradually decline and thereby gives 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 1.11925, then the target of investors will be the levels 1.11570 - 1.11075.

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: 1.12120

Resistance Level 1: 1.12225
Resistance Level 2: 1.12335
Resistance Level 3: 1.12440
Resistance Level 4: 1.12545

Support Level 1: 1.12020
Support Level 2: 1.11925
Support Level 3: 1.11820
Support level 4: 1.11715