Technical Analysis on EUR/USD 12h of January


Today's technical analysis on January 12, the EUR / USD pair is dominated by bullish sentiments to complete consolidation in the Asian session, at strong support levels of 1.20450 - 1.19900 therefore it is desirable to wait for a breakdown of a strong resistance level that can open the way to levels 1.21500- 1.22100, and the New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.20550 where the Fibonacci levels indicate. The MACD histogram is in the positive area above its signal, continues to increase smoothly, thereby giving a signal to buy. Stochastic Oscillator does not generate clear signals. In the alternative scenario, one should wait for the breakdown of a strong support level of 1.20250, then the target of investors will be the levels of 1.19900 - 19500

In essence, today's expected important economic news in particular can lead to significant volatility of key pairs, this can stimulate a significant movement towards 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: 1.20450

Resistance level 1: 1.20550
Resistance level 2: 1.20800
Resistance level 3: 1.21000
Resistance level 4: 1.21500

Support level 1: 1.20250
Support Level 2: 1.20000
Support Level 3: 1.19700
Support level 4: 1.19550