Technical Analysis EUR/USD 27 September

2019-09-27

 

Today’s technical analysis is on September 27, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels 1.09365 - 1.09685; therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.08860 - 1.08365 within the London and New York Sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session from 1.09955 where the Fibonacci levels indicate. The MACD histogram is falling below the zero line, indicating a possible continuation of the downward movement. Stochastic Oscillator is in the oversold zone. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.10375, then the levels of 1.09870 - 1.10375 will become the target of investors.

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: 1.09260

Resistance Level 1: 1.09365
Resistance Level 2: 1.09470
Resistance Level 3: 1.09575
Resistance Level 4: 1.09685

Support Level 1: 1.09055
Support Level 2: 1.08950
Support Level 3: 1.08850
Support Level 4: 1.08745