Technical Analysis EUR/USD 21 June

2019-06-21

Today's technical analysis on June 21, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12915 - 1.12605 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels of 1.13440 - 1.13955 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.13115 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 increase smoothly and thereby gives a buy signal. Stochastic Oscillator remains in the overbought zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.12810, then the target of investors will be the levels 1.12415 - 1.12925.

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: 1.13010

Resistance Level 1: 1.13115
Resistance Level 2: 1.13225
Resistance Level 3: 1.13330
Resistance Level 4: 1.13435

Support Level 1: 1.12915
Support Level 2: 1.12810
Support Level 3: 1.12710
Support level 4: 1.12605