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

To open long positions on EURUSD, you need:

Tomorrow's meeting of the European Central Bank is gradually putting pressure on buyers of the euro, which take profits because of rumors that the regulator may go for a larger reduction in rates than predicted. At the moment, it is best to consider long positions in the euro after the support update of 1.0989, which is now sought by sellers after a good report on inflation in the US. Only a false breakdown scenario at this level will lead to an upward correction of EUR/USD to the maximum area of 1.1020, where I recommend taking the profits. When breaking through the low of 1.0989, it is best to consider new long positions for a rebound from the support of 1.0955.

To open short positions on EURUSD, you need:

Sellers managed to break below the support of 1.1020, which led to the demolition of several buyers' stop orders. However, the main target is the minimum of 1.0989, the breakthrough of which will provide EUR/USD with a larger bearish impulse, which will lead to the support test of 1.0955, where I recommend taking the profit. In the scenario of an upward correction of the euro in the second half of the day, it is best to count on new short positions after the formation of a false breakdown in the resistance area of 1.1020 or sell immediately on a rebound from the maximum of 1.1053.

Signals of indicators:

Moving Averages

Trading is below 30 and 50 moving averages, indicating a possible return to the market of sellers, however, before tomorrow's decision by the ECB, it is premature to draw such conclusions.

Bollinger Bands

In the case of euro growth in the second half of the day, it is best to count on short positions when forming a false breakdown near the average border of the indicator 1.1045.

Exchange Rates 11.09.2019 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.

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.