Technical Analysis EUR/USD 19 July

2019-07-19

Today's technical analysis for July 19, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12540 - 1.12225 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.13030 - 1.13535 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12745 where Fibonacci levels indicate. The MACD histogram crossed the zero line from the bottom up, is now located in the positive zone and above its signal line, continues to rise smoothly and thereby gives a buy signal. Stochastic oscillator entered uncertainly in the overbought zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12435, then the target of investors will be the levels of 1.12040 - 1.11545.

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: 1.12640


Resistance Level 1: 1.12745
Resistance Level 2: 1.12850
Resistance Level 3: 1.12955
Resistance Level 4: 1.13060

Support Level 1: 1.12540
Support Level 2: 1.12435
Support Level 3: 1.12330
Support level 4: 1.12225