empty
 
 

Forex Analysis & Reviews: Control zones for EUR / USD pair on 09/18/19
time 18.09.2019 09:56 AM
time Relevance up to, 19.09.2019 07:34 AM

Working the downward direction remains a priority as it broke the structure of the other day. Moreover, the pair tested yesterday the defining resistance zone of the 1/2 WCZ of 1.1078-1.1070. In case of resumption of the fall of the pair, the main goal will be the weekly short of 1.0950-1.0934, which is located slightly below the weekly average move. This makes it a medium-term goal.

This image is no longer relevant

It is important to note that there will be news on the interest rate tonight and all pairs associated with the dollar will go beyond the average daily and weekly moves with a high degree of probability.

An alternative model will be developed if the closure of today's US session occurs above the level of 1.1078. This will allow you to change the direction of trade and make you abandon sales. Further growth of the pair this week is possible to the upper limit of the average turn, which is located slightly above the high of last week. Hence, purchases are not profitable from current levels.

This image is no longer relevant

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

Weekly CZ - weekly control zone. The area formed by marks from the important futures market, which changes several times a year.

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

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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.

  • 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
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    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

How to trade GBP/USD on December 5, 2022. Simple trading tips and analysis for beginners

GBP/USD repeated all the movements of EUR/USD on Friday. On the one hand, this is a good thing because both major currency pairs have always traded in a very similar

Paolo Greco 13:53 2022-12-04 UTC+2

How to trade EUR/USD on December 5. Simple trading tips and analysis for beginners

EUR/USD just showed paradoxical movements on Friday. Basically, all of the main movements were provoked by the NonFarm Payrolls report in the U.S. However, to start with, let's remember

Paolo Greco 13:34 2022-12-04 UTC+2

Forecast and trading signals for EUR/USD on December 2. How this insane trading week will end

On Thursday, EUR/USD went upwards again which cannot be explained by anything. The market carried on selling the US dollar. Previously, we tried to puzzle out what response the market

Paolo Greco 15:21 2022-12-02 UTC+2

AUD/USD Technical Analysis and Trading Tips for December 2, 2022

The focus of today's trading day will be on the release (at 13:30 GMT) of the US Department of Labor's November data report. And we see trader activity and market

Jurij Tolin 13:37 2022-12-02 UTC+2

GBP/USD trading plan for North American session on December 2, 2022. Overview of morning trades. GBP may soar again

In my previous analytical review, I drew your attention to the level of 1.2245 and recommended entering the market from it. Let's have a look at the 5-minute chart

Miroslaw Bawulski 13:23 2022-12-02 UTC+2

EUR/USD trading plan for North American session on December 2, 2022. Traders waiting for US jobs report

In my morning review, I mentioned the level of 1.0536 and recommended entering the market from there. Let's see what happened on the 5-minute chart. While rising to 1.0536

Miroslaw Bawulski 13:13 2022-12-02 UTC+2

Trading plan for US dollar index on December 02, 2022

The US dollar index dropped through the 104.02 lows intraday on Friday, hitting our projected target at 104.30 earlier. The index has pulled back since then and is seen

Oscar Ton 10:37 2022-12-02 UTC+2

Trading plan for EURUSD on December 02, 2022

EURUSD climbed through the 1.0540-45 highs intraday on Friday, almost hitting the projected targets as discussed earlier. The single currency pair is seen to be trading close to 1.0540

Oscar Ton 10:05 2022-12-02 UTC+2

Trading tips for EUR/USD

Yesterday's trading plan was all about increasing EUR/USD to continue the bullish momentum that started after Powell's speech. Plan: There was also a buy signal for the M1 TF, which

Andrey Shevchenko 09:38 2022-12-02 UTC+2

EUR/USD and GBP/USD trading plan and analysis for beginners on December 2, 2022

The unemployment rate in the EU unexpectedly dropped in October to 6.5%, according to the data provided by Eurostat. Notably, analysts expected the indicator to stay at September levels

Gven Podolsky 09:15 2022-12-02 UTC+2
Can't speak right now?
Ask your question in the chat.