Technical Analysis EUR/USD 28 September

2020-09-28

Today's technical analysis for September 28, the EUR / USD pair is dominated by bearish sentiments to complete the consolidation in the Asian session, at strong resistance levels 1.16445 - 1.16760, therefore it is advisable to wait for the breakdown of the strong support level, which can open the way to the levels 1.15940 - 1.15435 within the London and New York sessions.

Thus, the best opportunities for placing trades can be initiated before or during the London session from 1.16235 where the Fibonacci levels are pointing. The MACD histogram is in the negative zone, but slightly above its signal line, it started to rise smoothly and thus gives a buy signal. Stochastic Oscillator has moved uncertainly out of the oversold zone and is giving a similar signal. In an alternative scenario, you should wait for the breakdown of the strong resistance level 1.16550, then the targets of investors will be the levels 1.16950 - 1.17455.

As such, today's expected important economic news in particular could lead to significant volatility in key pairs, which could stimulate significant swing movement during the London and New York sessions. This enables investors to take advantage of Buy / Sell trades from low / high levels throughout the day.

EUR / USD analysis

Price at the moment: 1.16340

Resistance level 1: 1.16445
Resistance level 2: 1.16550
Resistance level 3: 1.16655
Resistance level 4: 1.16760

Support level 1: 1.16235
Support level 2: 1.16130
Support level 3: 1.16025
Support level 4: 1.15920