Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

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

Today, the Fed will announce its interest rate decision, which could lead to a further fall in the EUR/USD pair. It is best to consider long positions in euro after the formation of a false breakdown in the support area of 1.1423 or to rebound from a minimum of 1.1390, where more buyers are concentrated. The main task for the first half of the day will be the breakdown and consolidation above the resistance of 1.1452, which will lead to a larger increase in the euro in the area of this week's maximum of 1.1485, where taking profits are recommended.

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

Sellers need to form a false breakdown at the resistance level of 1.1452, in case of euro growth in the first half of the day. Also, it requires a consolidation below the important support level of 1.1423, which limits the downward correction. The break of 1.1423 will also lead to a breakdown of the lower boundary of the rising channel, which will open a direct road to the area of minimum 1.1390 and 1.1355, where taking profits are recommended. If the euro rises above resistance of 1.1452 in the first half of the day, sales can return when it rebounds from 1.1485.

Indicator signals:

Moving averages

Trade has moved below the 30- and 50-day average, which indicates an unlikely change in market sentiment. The 30-day average today will act as resistance.

Bollinger bands

If the euro rises in the first half of the day, the upper limit of the Bollinger Bands indicator located at the area of 1.1452 will act as a resistance, from where you can sell the euro immediately to rebound. Limit the downward correction to the lower limit of the indicator in the area of 1.1405.

Exchange Rates 08.11.2018 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.

Performed by Ruben Watson,
Analytical expert
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

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.