Technical Analysis EUR/USD 19 June


Today's technical analysis for June 19, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11820 - 1.11515 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels 1.12330 - 1.12835 during London and New York Sessions.

Thus, the best placement opportunities for deals can be initiated before or during the London session from 1.12020 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and slightly below its signal line, it began to move almost parallel to the time axis and at the moment does not give clear signals. Stochastic Oscillator is very close to the oversold zone and also does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11715, then the target of investors will be the levels of 1.11325 - 1.10830.

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: 1.11920

Resistance Level 1: 1.12020
Resistance Level 2: 1.12125
Resistance Level 3: 1.12330
Resistance Level 4: 1.12430

Support Level 1: 1.11820
Support Level 2: 1.11715
Support Level 3: 1.11610
Support level 4: 1.11515