Technical Analysis EUR/USD 24 September

2019-09-24

Today's technical analysis is on September 24, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels of 1.10020 - 1.10335; therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.09515 - 1.09010 in the framework of London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.09810 where the Fibonacci levels indicate. The MACD histogram slows down below the zero line, indicating a possible pullback. Stochastic Oscillator is growing in the neutral zone. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.10125 then the target of investors will be levels 1.10525 - 1.11135.

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: 1.09915

Resistance Level 1: 1.10020
Resistance Level 2: 1.10125
Resistance Level 3: 1.10230
Resistance Level 4: 1.10335

Support Level 1: 1.09810
Support Level 2: 1.09700
Support Level 3: 1.09595
Support Level 4: 1.09480