Technical Analysis EUR/USD 24 December

2019-12-24

Today’s technical analysis is on December 24, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.10750 - 1.10430; therefore, it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.11355 - 1.11760 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10960 where the Fibonacci levels indicate. The MACD histogram is rising below the zero line. Stochastic Oscillator is in the overbought zone. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10640, then the level of 1.10345 - 1.09735 will become the target of investors.

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: 1.10855

Resistance Level 1: 1.10960
Resistance Level 2: 1.11070
Resistance Level 3: 1.11175
Resistance Level 4: 1.11280

Support Level 1: 1.10750
Support Level 2: 1.10640
Support Level 3: 1.10535
Support Level 4: 1.10430