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23.11.2017 12:05 PM
Trading forecast EUR / USD pair 11/23/2017

For this week, the formation of an upward medium-term pulse continued after the pair corrected to 50% of the first part of the impulse movement. The immediate target is the weekly KZ of 1.1896-1.1880.

Medium-term plan.

The upward movement remains a medium-term impulse. Retaining the purchases made in the past or current weeks is the optimal strategy. In the event of a weakened exchange rate, it is necessary to look for opportunities for regular purchases. The initial target is the weekly KZ 1.1896-1.1880. A little above it is the monthly KZ of November 1.1911-1.1951, where it will be necessary to fix the bigger part of the long position. The monthly short-term test increases the likelihood of a large offer, which may allow you to get more favorable prices for the instrument in the future.

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To form an alternative model, a large supply will arise when the November maximum has been updated and the last growth has been reached. This will allow the formation of a medium-order accumulation zone to be considered.

Intraday plan.

Yesterday, the downward movement of the pair was hampered as it gained a foothold above NKZ 1/2 at 1.1804-1.1796. Any means of reducing the exchange rate should be considered to find advantageous prices for the purchase of the instrument. The closest support is the NKZ 1/4 at 1.1795-1.1791. The zone is within the average daily course, which makes it an attractive point. The goal of the upward movement is the weekly KZ at 1.1896-1.1880. This zone is also located within the average daily course, which allows it to be achieved in the near future.

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The daytime CP is the daytime control zone. The zone is formed by important data from the futures market.

The weekly CP is the weekly control zone. The zone formed by marks from important futures market which change several times a year.

The monthly CP is the monthly control zone. The zone is a reflection of the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2024
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