Technical Analysis EUR/USD 25 July


Today's technical analysis for July 25, the EUR / USD pair is dominated by bearish sentiment to complete consolidation in the Asian session, at strong resistance levels 1.11455 - 1.11875 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 - 1.10545 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.11250 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and slightly below its signal line, but it began to move almost parallel to the time axis and at the moment does not give clear signals. Stochastic Oscillator is in the oversold zone and generates a sell signal. In the alternative scenario, one should wait for the breakdown of the strong resistance level of 1.11565, then the target of investors will be the levels 1.11955 - 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: 1.11350

Resistance Level 1: 1.11455
Resistance Level 2: 1.11565
Resistance Level 3: 1.11770
Resistance Level 4: 1.11875

Support Level 1: 1.11250
Support Level 2: 1.11145
Support Level 3: 1.11030
Support Level 4: 1.10925