Technical Analysis EUR/USD 22 August


Today’s technical analysis is on August 22, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10785 - 1.10470; therefore, it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.11285 - 1.11790 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.11000 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 generating the opposite signal. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10680, 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 during the day.

EUR / USD analysis

Current price: 1.10890

Resistance Level 1: 1.11000
Resistance Level 2: 1.11115
Resistance Level 3: 1.11220
Resistance Level 4: 1.11325

Support Level 1: 1.10785
Support Level 2: 1.10680
Support Level 3: 1.10575
Support Level 4: 1.10470