Technical Analysis EUR/USD 24 May

2019-05-24

Today's technical analysis on May 24, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11715 - 1.11435 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels 1.12220 - 1.12725 during London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.11915 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and above its signal line, continues to gradually increase and thereby gives a buy signal. Stochastic Oscillator is in the overbought zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11620, then the target of investors will be the levels 1.11220 - 1.10755.

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: 1.11810

Resistance Level 1: 1.11915
Resistance Level 2: 1.12020
Resistance Level 3: 1.12135
Resistance Level 4: 1.12225

Support Level 1: 1.11715
Support Level 2: 1.11620
Support Level 3: 1.11525
Support level 4: 1.11435