Technical Analysis on EUR/USD 09h of February


Today's technical analysis on February 9, the pair EUR / USD is dominated by bullish sentiments to complete consolidation in the Asian session, at strong support levels 1.22350 - 1.21600 therefore it is desirable to wait for a breakdown of a strong resistance level that can open the way to levels 1.23375- 1.23925, session and the New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.22750 where the Fibonacci levels indicate. The MACD histogram is in the negative zone but started to rise smoothly, 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 1.22350, then the target of investors will be levels 1.21800 - 1.21100.

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: 1.22750
Resistance level 2: 1.23005
Resistance Level 3: 1.23300
Resistance level 4: 1.23650

Support level 1: 1.22350
Support Level 2: 1.22050
Support Level 3: 1.21800
Support Level 4: 1.21600