Technical Analysis EUR/USD 25 September

2019-09-25

Today’s technical analysis is on September 25, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels of 1.09855 - 1.09540; therefore, it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.10360 - 1.10865 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.10070 where the Fibonacci levels indicate. The MACD histogram is rising below the zero line, indicating a possible continuation of the upward movement. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.09750, then the target of investors will be the levels of 1.09450 - 1.09010.

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: 1.09965

Resistance Level 1: 1.10070
Resistance Level 2: 1.10175
Resistance Level 3: 1.10280
Resistance Level 4: 1.10385

Support Level 1: 1.09855
Support Level 2: 1.09750
Support Level 3: 1.09645
Support Level 4: 1.09540