Technical Analysis on EUR/USD 02h of February


Today's technical analysis on February 2, the pair EUR / USD is dominated by bullish sentiments to complete consolidation in the Asian session, at strong support levels 1.24900 - 1.23800 therefore it is desirable to wait for the breakdown of a strong resistance level that can open the way to the levels 1.255900- 1.26050, session and the New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.25100 where the Fibonacci levels indicate. The MACD histogram is in the positive zone and gradually increases, thereby giving a signal to buy. 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 support level of 1.24600, then the target of investors will be the levels of 1.24300 - 1.23600.

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: 1.24990

Resistance Level 1: 1.25100
Resistance Level 2: 1.25350
Resistance level 3: 1.25800
Resistance level 4: 1.25800

Support level 1: 1.24900
Support Level 2: 1.24550
Support Level 3: 1.24120
Support Level 4: 1.23800