Technical Analysis EUR/USD 20 September

2019-09-20

Today’s technical analysis is on September 20, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10550 - 1.10235 therefore it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.11055 - 1.11560 within the framework of the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10760 where the Fibonacci levels indicate. The MACD histogram almost does not change slightly above the zero line. Stochastic Oscillator is growing in the neutral zone. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10445, then the level of 1.10045 - 1.09540 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 a 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: 1.10655

Resistance Level 1: 1.10760
Resistance Level 2: 1.10865
Resistance Level 3: 1.10970
Resistance Level 4: 1.11075

Support Level 1: 1.10550
Support Level 2: 1.10445
Support Level 3: 1.10340
Support Level 4: 1.10235