Technical Analysis on EUR/USD 01h of February


Today's technical analysis on February 1, the EUR / USD pair is dominated by bearish sentiments to complete consolidation in the Asian session, at strong resistance levels 1.24280 - 1.25450 therefore it is desirable to wait for a breakdown of a strong support level that can open the way to 1.23600- 1.22900 levels, session and the New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.23950 where the Fibonacci levels indicate. The MACD histogram is in the positive area but below the signal line and gradually decreases, thereby giving a sell signal. Stochastic Oscillator is in the neutral zone and does not give clear signals. In the alternative scenario, you should wait for the breakdown of a strong resistance level of 1.24750, then the investors' target will be the levels of 1.24900 - 1.25700.

In essence, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate significant movement to fluctuations during the London and New York sessions. This enables investors to take advantage of the Buy / Sell transactions from the minimum / maximum levels throughout the day.


Analysis of EUR / USD

Current price: 1.24270

Resistance level 1: 1.24280
Resistance level 2: 1.24750
Resistance level 3: 1.25000
Resistance level 4: 1.25450

Support level 1: 1.23950
Support Level 2: 1.23350
Support Level 3: 1.22800
Support Level 4: 1.22250