Technical Analysis on EUR/USD 13 of April


Today's technical analysis on April 13, the EUR / USD pair is dominated by bearish sentiments to complete consolidation in the Asian session, at strong resistance levels of 1.23380 - 1.24500 therefore it is desirable to wait for a breakdown of a strong support level that can open the way to 1.22500 - 1.22100 levels within the London and New York sessions.

Thus, the best opportunities for placing deals can be initiated before or during the London session with 1.23120 where the Fibonacci levels indicate. The MACD histogram is in the positive area but already below its signal line and continues to decrease smoothly thereby giving a signal for sale. 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 1.23380, then the investors' target will be the levels of 1.23800 - 1.24550

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: 1.23340

Resistance Level 1: 1.23380
Resistance level 2: 1.23650
Resistance level 3: 1.24100
Resistance level 4: 1.24500

Support level 1: 1.23120
Support Level 2: 1.23000
Support Level 3: 1.22800
Support Level 4: 1.22650