Technical Analysis EUR/USD 30 July


Today's technical analysis for July 30, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11325 - 1.11010, therefore it is desirable to wait for the breakdown of a strong resistance level, which can open the way to levels of 1.11825 - 1.12335 within London and New York Sessions.

Thus, the best placement opportunities for transactions can be initiated before or during the London session from 1.11525 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 very close to the overbought zone and forms a similar signal. In the alternative scenario, you should wait for the breakdown of the strong support level of 1.11220, then the target of investors will be the levels of 1.10830 - 1.10325.

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 EUR / USD

Price at the moment: 1.11420

Resistance Level 1: 1.11525
Resistance Level 2: 1.11630
Resistance Level 3: 1.11735
Resistance Level 4: 1.11840

Support Level 1: 1.11325
Support Level 2: 1.11220
Support Level 3: 1.11115
Support level 4: 1.11010