Technical Analysis EUR/USD 30 August

2019-08-30

Today's technical analysis is on August 30, the EUR / USD pair is dominated by a bearish sentiment to complete the consolidation in the Asian session, at strong resistance levels of 1.10535 - 1.10850; therefore, it is advisable to wait for the breakdown of a strong support level, which can open the way to levels 1.10025 - 1.09520 within the London and New York Sessions.

Thus, the best deal placement opportunities can be initiated before or during the London session from 1.10325 where the Fibonacci levels indicate. The MACD histogram is still located in the negative zone and below its signal line, continues to decline smoothly and thereby gives a sell signal. Stochastic Oscillator is in the oversold zone and is currently not generating clear signals. In an alternative scenario, you should wait for the breakdown of the strong resistance level of 1.10640, then the levels of 1.11040 - 1.11545 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 a 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: 1.10430

Resistance Level 1: 1.10535
Resistance Level 2: 1.10640
Resistance Level 3: 1.10745
Resistance Level 4: 1.10850

Support Level 1: 1.10325
Support Level 2: 1.10220
Support Level 3: 1.10115
Support Level 4: 1.09995