Technical Analysis EUR/USD 30 April

2019-04-30

Today's technical analysis on April 30, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11800 - 1.11510 therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.12375 - 1.12860 in London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.12025 where Fibonacci levels indicate. The MACD histogram is still located in the negative zone and above its signal line, continues to gradually increase and thereby gives a buy signal. Stochastic Oscillator is in the overbought zone and currently does not generate clear signals. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11705, then the target of investors will be the levels of 1.11325 - 1.11830.

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: 1.11900

Resistance Level 1: 1.12025
Resistance Level 2: 1.12120
Resistance Level 3: 1.12235
Resistance Level 4: 1.12340

Support Level 1: 1.11800
Support Level 2: 1.11705
Support Level 3: 1.11615
Support level 4: 1.11510