Technical Analysis EUR/USD 28 May

2019-05-28

Today's technical analysis on May 28, the pair EUR / USD is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11715 - 1.11435 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to the levels 1.12310 - 1.12725 during  London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.11915 where Fibonacci levels indicate. The MACD histogram is still located in the positive zone, but already below its signal line, continues to gradually decrease and thereby gives a signal to sell. Stochastic Oscillator went to the oversold zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11625, then the target of investors will be the levels 1.11315 - 1.10710.

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: 1.11810

Resistance Level 1: 1.11915
Resistance Level 2: 1.12010
Resistance Level 3: 1.12115
Resistance Level 4: 1.12220

Support Level 1: 1.11715
Support Level 2: 1.11625
Support Level 3: 1.11530
Support level 4: 1.11435