Technical Analysis EUR/USD 31 July


Today's technical analysis for July 31, the EUR / USD pair is dominated by bullish sentiment to complete consolidation in the Asian session, at strong support levels of 1.11455 - 1.11125 therefore it is desirable to wait for the breakdown of the strong resistance level, which can open the way to the levels of 1.11955 - 1.12450 within London and New York Sessions.

Thus, the best placement opportunities for deals can be initiated before or during the London session from 1.11655 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 1.11350, then the target of investors will be the levels 1.11020 - 1.11510.

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: 1.11530

Resistance Level 1: 1.11655
Resistance Level 2: 1.11760
Resistance Level 3: 1.11865
Resistance Level 4: 1.11970

Support Level 1: 1.11455
Support Level 2: 1.11350
Support Level 3: 1.11245
Support level 4: 1.11125