Technical Analysis EUR/USD 27 May


Today's technical analysis for May 27, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.12010 - 1.11710 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels of 1.12525 - 1.13020 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12225 where Fibonacci levels indicate. The MACD histogram crossed the zero line from the bottom up, is now located in the positive zone and above its signal line, continues to increase smoothly and thereby gives a buy signal. Stochastic Oscillator is in the overbought zone and generates a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11920, then the target of investors will be the levels 1.11515 - 1.11010.

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: 1.12110

Resistance Level 1: 1.12225
Resistance Level 2: 1.12320
Resistance Level 3: 1.12430
Resistance Level 4: 1.12535

Support Level 1: 1.12010
Support Level 2: 1.11920
Support Level 3: 1.11815
Support level 4: 1.11710