Technical Analysis EUR/USD 23 September

2019-09-23

Today's technical analysis is on September 23, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels of 1.10270 - 1.10585 therefore it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.09875 - 1.09370 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.09955 where the Fibonacci levels indicate. The MACD histogram is falling below the zero line, indicating a possible continuation of the downward movement. Stochastic Oscillator is growing from the oversold zone. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.10375 then the investors' target will be the levels 1.10880 - 1.11385.

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: 1.10165

Resistance Level 1: 1.10270
Resistance Level 2: 1.10375
Resistance Level 3: 1.10480
Resistance Level 4: 1.10585

Support Level 1: 1.09955
Support Level 2: 1.09850
Support Level 3: 1.09745
Support Level 4: 1.09635