Technical Analysis EUR/USD 18 July

2019-07-18

Today's technical analysis for July 18, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12315 - 1.11910 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.12825 - 1.13320 within London and New York Sessions.

Thus, the best placement opportunities for deals can be initiated before or during the London session from 1.12510 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone, but already above its signal line, continues to gradually increase and thereby gives a buy signal. Stochastic Oscillator is in the neutral zone and generates a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12210, then the target of investors will be the levels 1.11825 - 1.11330.

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: 1.12400


Resistance Level 1: 1.12510
Resistance Level 2: 1.12615
Resistance Level 3: 1.12725
Resistance Level 4: 1.12830

Support Level 1: 1.12315
Support Level 2: 1.12210
Support Level 3: 1.12000
Support level 4: 1.11910