empty
 
 
15.11.2018 08:18 AM
Control zones EURUSD 15.11.18

Yesterday, an important resistance zone was tested, which allows us to consider the formation of a reversal pattern. A downward movement will be considered complete if the close of today's trading is higher than the opening.

Yesterday, the pair tested the defining zone of resistance of NKZ 1/2 1.1316-1.1307. Today, there is an attempt to consolidate above it. If this happens, then the next goal of growth will be the weekly CP 1.1418-1.1399. This requires the closure of today's US session above 1.1316. The last fall was pulsed, so the probability of updating the November low in the medium term still exists.

This image is no longer relevant

Purchases from the current grades are not profitable, so waiting for favorable prices is the best strategy for today. More so, continued growth may require additional efforts on the part of buyers which will make it possible in the future to find the optimal moment for opening a long position.

The continuation of the downward movement has become less likely and from that, it is also less profitable. This requires the closure of all sales that were open last week or current week. Repeated sales will be possible only if the closure of today's American session happens below 1.1316. This will provide opportunities for profitable short transactions, the goal of which will be again the November minimum.

This image is no longer relevant

Daily CZ - daily control zone. The area formed by important data from the futures market which change several times a year.

Weekly fault - weekly control zone. The area formed by the important marks of the futures market which change several times a year.

Monthly fault - monthly control zone. The zone which is a reflection of the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback