Technical Analysis EUR/USD 24 June

2019-06-24

Today's technical analysis for June 24, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.13725 - 1.13410 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels of 1.14225 - 1.14735 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.13925 where Fibonacci levels indicate. The MACD histogram is still located in the positive zone and above its signal line, continues to increase rapidly and thereby gives a buy signal. Stochastic Oscillator Stochastic remains 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 1.13620, then the target of investors will be the levels of 1.13240 - 1.12745.

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: 1.13820

Resistance Level 1: 1.13925
Resistance Level 2: 1.14030
Resistance Level 3: 1.14135
Resistance Level 4: 1.14245

Support Level 1: 1.13725
Support Level 2: 1.13620
Support Level 3: 1.13515
Support level 4: 1.13410