Technical Analysis EUR/USD 23 July

2019-07-23

Today's technical analysis for July 23, the EUR / USD pair is dominated by bearish sentiment to complete consolidation in the Asian session, at strong resistance levels of 1.12055 - 1.12370 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels of 1.11535 - 1.11030 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.11855 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and below its signal line, continues to gradually decline and thereby gives a signal to sell. Stochastic Oscillator is in the oversold zone and generates a similar signal. In the alternative scenario, you should wait for the breakdown of the strong resistance level of 1.12160, then the target of investors will be the levels of 1.12525 - 1.12975.

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 EUR / USD

Price at the moment: 1.11950

Resistance Level 1: 1.12055
Resistance Level 2: 1.12160
Resistance Level 3: 1.12265
Resistance Level 4: 1.12370

Support Level 1: 1.11855
Support Level 2: 1.11750
Support Level 3: 1.11640
Support level 4: 1.11535