Technical Analysis EUR/USD 18 September

2020-09-18

Today's technical analysis for September 18, the EUR / USD pair is dominated by bullish sentiments to complete the consolidation in the Asian session, at strong support levels 1.18365 - 1.18050, therefore it is advisable to wait for the breakdown of the strong resistance level, which can open the way to the levels 1.18870 - 1.19375 within the London and New York sessions.

Thus, the best trade placement opportunities can be triggered before or during the London session from 1.18575 where the Fibonacci levels are pointing. The MACD histogram is still in the negative zone, but already above its signal line, continues to grow rapidly and thereby gives a buy signal. Stochastic Oscillator is near the border of the area. In an alternative scenario, you should wait for the breakdown of the strong support level 1.18260, then the targets of investors will be the levels 1.17860 - 1.17355.

As such, today's expected important economic news in particular could lead to significant volatility in key pairs, which could stimulate significant swing movement during the London and New York sessions. This enables investors to take advantage of Buy / Sell trades from low / high levels throughout the day.

EUR / USD analysis

Price at the moment: 1.18470

Resistance level 1: 1.18575
Resistance level 2: 1.18680
Resistance level 3: 1.18785
Resistance level 4: 1.18890

Support level 1: 1.18365
Support level 2: 1.18260
Support level 3: 1.18155
Support level 4: 1.18050