Technical Analysis EUR/USD 27 December

2019-12-27

Today’s technical analysis is on December 27, the EUR / USD pair is dominated by bullish sentiment to complete the consolidation in the Asian session, at strong support levels 1.11085 - 1.10780 therefore it is advisable to wait for the breakdown of a strong resistance level, which can open the way to levels 1.11590 - 1.11995 within the framework of the London and New York Sessions.

Thus, the best deal placement options can be initiated before or during the London session from 1.11295, where the Fibonacci levels indicate. The MACD histogram is located above its signal line, is currently trying to cross the zero line from the bottom up and thereby generate an additional signal. Stochastic Oscillator is in the overbought zone and is forming a buy signal. In an alternative scenario, you should wait for the breakdown of the strong support level of 1.10990, then the level of 1.10680 - 1.10175 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 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: 1.11190

Resistance Level 1: 1.11295
Resistance Level 2: 1.11400
Resistance Level 3: 1.11510
Resistance Level 4: 1.11615

Support Level 1: 1.11085
Support Level 2: 1.10990
Support Level 3: 1.10885
Support Level 4: 1.10780