Technical Analysis EUR/USD 26 April

2019-04-26

Today's technical analysis on April 26, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11255 - 1.10970 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.11775 - 1.12260 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.11565 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and below its signal line, but it began to increase very smoothly and thus indicates a possible increase in bullish moods. The Stochastic Oscillator is in the oversold zone and forms an unclear buy signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11255, then the target of investors will be the levels of 1.10790 - 1.10270.

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: 1.11360

Resistance Level 1: 1.11565
Resistance Level 2: 1.11670
Resistance Level 3: 1.11775
Resistance Level 4: 1.11925

Support Level 1: 1.11255
Support Level 2: 1.11150
Support Level 3: 1.11040
Support Level 4: 1.10970