Technical Analysis EUR/USD 22 July


Today's technical analysis for July 22, the EUR / USD pair is dominated by bearish moods to complete consolidation in the Asian session, at strong resistance levels of 1.12285 - 1.12595 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to levels of 1.11770 - 1.11265 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12080 where Fibonacci levels indicate. The MACD histogram crossed the zero line from top to bottom, is now located in the negative zone and below its signal line, continues to gradually decline and thereby gives a signal to sell. Stochastic Oscillator entered the oversold zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong resistance level of 1.12390, then the target of investors will be the levels of 1.12775 - 1.13260.

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: 1.12180

Resistance Level 1: 1.12285
Resistance Level 2: 1.12390
Resistance Level 3: 1.12495
Resistance Level 4: 1.12595

Support Level 1: 1.12080
Support Level 2: 1.11970
Support Level 3: 1.11865
Support level 4: 1.11760