Technical Analysis EUR/USD 20 June


Today's technical analysis on June 20, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12575 - 1.12460 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels of 1.13040 - 1.13555 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12785 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. The Stochastic Oscillator has “burst” into the overbought zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12670, then the target of investors will be the levels 1.11075 - 1.10530.

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: 1.12680

Resistance Level 1: 1.12785
Resistance Level 2: 1.12890
Resistance Level 3: 1.13000
Resistance Level 4: 1.13115

Support Level 1: 1.12575
Support Level 2: 1.12670
Support Level 3: 1.12565
Support level 4: 1.12460