empty
 
 
27.09.2018 12:54 AM
EUR/USD: plan for the US session on September 26. The decision of the Fed will not surprise the markets and may lead to an increase in the euro

To open long positions for EURUSD, it is required:

Buyers of the euro will show themselves after the decline and update of a large support level of 1.1726, for which the entire calculation is done and which further depends on the ascending trend. The breakthrough of the level of 1.1726 on the Fed's decision may be temporary, so the formation of a false breakout on it, after the announcement of the rate, will be an additional signal to buy the euro in order to return to 1.1763 and update 1.1802. The demolition of stop orders of sellers above 1.1802 will resume the upward trend in the EUR/USD pair, which will lead to an increase in the area of 1.1830 and 1.1866, where I recommend to lock in profit.

To open short positions for EURUSD, it is required:

The sellers got close to the support level of 1.1726, but it will be possible to talk about its real breakout after the publication of the Fed's decision, which will lead to a temporary growth of the US dollar and the exit to the lows of 1.1687 and 1.1654, the update of which will break the uptrend in the euro. In case the EUR/USD pair increases in the second half of the day, it is best to return to selling from the high of the week at 1.1802, on a false breakout, or a rebound from a large resistance of 1.1866.

Indicator signals:

Moving averages

The 30-day moving average is at the same level as the 50-day average, which indicates the lateral nature of the market. The trade moved below the moving averages, indicating a likely continuation of the euro's decline.

Bollinger Bands

Bollinger bands have narrowed, indicating a drop in market volatility before the release of important fundamental data.

This image is no longer relevant

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 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