Technical Analysis EUR/USD 24 July

2019-07-24

Today's technical analysis for July 24, the EUR / USD pair is dominated by bearish moods to complete consolidation in the Asian session, at strong resistance levels of 1.11550 - 1.11865 therefore it is desirable to wait for the breakdown of a strong support level, which can open the way to the levels of 1.11050 - 1.10560 within London and New York Sessions.

Thus, the best placement opportunities for deals can be initiated before or during the London session from 1.11340 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and below its signal line, continues to decline rapidly and thereby sends a signal to sell. Stochastic Oscillator is in the oversold zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong resistance level of 1.11655, then the target of investors will be the levels of 1.12055 - 1.12560.

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: 1.11440

Resistance Level 1: 1.11550
Resistance Level 2: 1.11655
Resistance Level 3: 1.11760
Resistance Level 4: 1.11865

Support Level 1: 1.11340
Support Level 2: 1.11235
Support Level 3: 1.11130
Support level 4: 1.11025