Technical Analysis EUR/USD 21 August

2019-08-21

Today's technical analysis is on August 21, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10870 - 1.10555 therefore it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.12375 - 1.12880 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11075 where the Fibonacci levels indicate. The MACD histogram is still located in the negative zone and above its signal line, continues to rise smoothly and thereby gives a buy signal. Stochastic Oscillator is in the neutral zone and is currently not generating clear signals. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10765, then the target of investors will be the levels of 1.10580 - 1.10010.

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: 1.10970

Resistance Level 1: 1.11075
Resistance Level 2: 1.11180
Resistance Level 3: 1.11285
Resistance Level 4: 1.11390

Support Level 1: 1.10870
Support Level 2: 1.10765
Support Level 3: 1.10660
Support Level 4: 1.10555