empty
 
 

23.10.201914:44 Forex Analysis & Reviews: EUR/USD: plan for the American session on October 23rd. Low volatility may continue until tomorrow's ECB meeting

To open long positions on EURUSD, you need:

Bulls gradually return to the morning level of 1.1116, while the market remains very low volatility amid the lack of statistics and news on Brexit. The task of buyers for the second half of the day is to test the level of 1.1147, and fixing it again will give the pair an upward momentum, which can lead to an update of the highs of the month in the area of 1.1178 and 1.1226 , where I recommend taking the profits. With further pressure remaining, and the level of 1.1116 can already be considered wagered, it is best to open long positions in EUR / USD when testing the minimum of 1.1090 immediately for a rebound. Another major support is seen around 1.1055.

To open short positions on EURUSD, you need:

In the first half of the day, the bears tried to consolidate below the support of 1.1116, which I paid attention to in my morning review, but failed to do so. Most likely, traders will continue to take a wait-and-see position in the absence of specifics on the further plan with Brexit and before tomorrow's meeting of the European Central Bank. The return to the level of 1.1116 will lead to the continuation of the downward correction in the area of the minimum of 1.1090, where I recommend taking the profit. With the growth of the euro in the resistance area of 1.1147, it is best to open short positions from there, provided that a false breakdown is formed. Selling EUR / USD immediately on the rebound is best from the high of 1.1178.

Indicator signals:

Moving averages

Trading is conducted below 30 and 50 moving averages, which indicates the possible formation of a downward trend in the pair.

Bollinger bands

The breakthrough of the upper limit of the indicator in the area of 1.1137 will provide the market with new buyers of the euro.

Exchange Rates 23.10.2019 analysis

Description of indicators

  • MA (moving average) 50 days – yellow
  • MA (moving average) 30 days – green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • فيراري من إنستافوركس
    قم بتعبئة حسابك بمبلغ لا يقل عن 1000 دولار
    انضم إلى المسابقة واربح فيراري
    إف8 تريبوتو
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع مبلغ 3000 دولار في حسابك واربح 1000 دولار
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص
لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.