Technical Analysis EUR/USD 25 September

2020-09-25

Today's technical analysis for September 25, the EUR / USD pair is dominated by bullish sentiments to complete the consolidation in the Asian session, at strong support levels 1.16745 - 1.16430, therefore it is advisable to wait for the breakdown of the strong resistance level, which can open the way to the levels 1.17250 - 1.17755 within the London and New York sessions.

Thus, the best opportunities for placing trades can be initiated before or during the London session from 1.16955 where the Fibonacci levels indicate. The MACD histogram is located in the positive zone and slightly above its signal line, it began to rise very smoothly and thus gives an unclear buy signal. Stochastic Oscillator is in the neutral zone and is not giving clear signals at the moment. In an alternative scenario, one should wait for the breakdown of the strong support level 1.16640, then the targets of investors will be the levels 1.16240 - 1.15735.

As such, today's expected important economic news in particular could lead to significant volatility in key pairs, which could stimulate significant swing movement during the London and New York sessions. This enables investors to take advantage of Buy / Sell trades from low / high levels throughout the day.

EUR / USD analysis

Price at the moment: 1.16850

Resistance level 1: 1.16955
Resistance level 2: 1.17060
Resistance level 3: 1.17165
Resistance level 4: 1.17270

Support level 1: 1.16745
Support level 2: 1.16640
Support level 3: 1.16535
Support level 4: 1.16430