Technical Analysis EUR/USD 19 December


Today’s technical analysis is on December 19, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.11375 - 1.11695 therefore it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.10770 - 1.10365 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11165 where the Fibonacci levels indicate. The MACD histogram is still located below its signal line, has practically merged with the zero line and does not give clear signals at the moment. Stochastic Oscillator has gone out of the oversold zone and is forming a buy signal. In an alternative scenario, you should wait for the breakdown of the strong resistance level 1.11480, then the level of 1.11880 - 1.12385 will become the target of investors.

In fact, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate significant movement to fluctuations during the London and New York sessions. This allows investors to take advantage of the Buy / Sell transactions from minimum / maximum levels throughout the day.

EUR / USD analysis

Current Price: 1.11270

Resistance Level 1: 1.11375
Resistance Level 2: 1.11480
Resistance Level 3: 1.11585
Resistance Level 4: 1.11695

Support Level 1: 1.11165
Support Level 2: 1.11060
Support Level 3: 1.10955
Support Level 4: 1.10850