empty
 
 
18.01.2019 03:15 PM
EUR / USD pair: plan for the American session on January 18. There is almost no movement in the market

To open long positions on EUR / USD pair, you need:

The weak fundamental statistics did not allow euro buyers to form a larger upward correction. It is important that the bulls manage to hold the EUR/USD pair above the support level of 1.1375. However, the main task is to return to the resistance level of 1.1411, which will lead to a larger upward correction to the area of the maximum of 1.1451 and 1.1490, where I recommend to fix the profit. A Weak data on the US labor market can help the bulls with correction. In the case of a repeated decline in the support area of 1.1375 in the afternoon, it is best to return in long positions to the rebound from the minimum of 1.1343.

To open short positions on EUR / USD pair, you need:

The sellers did not manage to return to the support level of 1.1375 and for the second half of the day, their main task is to break this range, which will lead to a larger EUR/USD sale with a minimum of 1.1343 and 1.1312, where I recommend to fix the profit. In case that a quick downward movement is not formed after testing the minimum of 1.1375, as it was today in the first half of the day, I recommend closing short positions since a large upward correction in euro can be formed from this level. When the growth scenario is above the resistance of 1.1411 against the background of weak fundamental statistics for the USA, it is best to consider short positions in EUR/USD pair on a rebound from 1.1451.

Indicator signals:

Moving averages

Trade is conducted in the area of 30- and 50-medium moving, which indicates the side character of the market.

Bollinger bands

The volatility of the Bollinger Bands indicator is low, which does not give signals to enter the market.

More in the video forecast for January 18

This image is no longer relevant

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

Miroslaw Bawulski,
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 $8000 more!
    In March we raffle $8000 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