Technical Analysis on EUR/USD 08h of February


Today's technical analysis on February 8, the EUR / USD pair is dominated by bearish sentiments to complete consolidation in the Asian session, at strong resistance levels 1.22800 - 1.23650 therefore it is desirable to wait for a breakdown of a strong support level that can open the way to 1.21950- 1.21200, London and the New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.22450 to which the Fibonacci levels indicate. The MACD histogram is in the negative zone and 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 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: 1.22590

Resistance level 1: 1.22800
Resistance Level 2: 1.22950
Resistance level 3: 1.23200
Resistance level 4: 1.23650

Support level 1: 1.22450
Support Level 2: 1.22300
Support Level 3: 1.21950
Support Level 4: 1.21600