empty
 
 
15.11.2018 03:23 PM
EUR / USD pair: plan for the US session on November 15. The euro fell after the pound and weak data for the euro area

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

Buyers failed to get above the resistance of 1.1344, which was combined with the weak balance data and caused the euro to fall, which I paid attention to it in the morning forecast. As a result of the decline, the bulls returned only to the market in the support area of 1.1266 to which I also paid attention. A breakthrough with consolidation above the resistance of 1.1307 in the second half of the day will allow us to get to the upper boundary of the side channel at 1.1344, where today I recommend fixing the profit.

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

The bears worked out the morning scenario, however, the main task for the second half of the day remains the breakdown of support 1.1266. This will happen only if good fundamental statistics on retail sales in the USA is released, which will strengthen the position of the US dollar and lead to a test of this week's lows in the 1.1226 area, where I recommend taking profits. If EUR / USD rises in the second half of the day above resistance 1.1307, short positions can be returned to rebound from the upper limit of the side channel 1.1344.

Indicator signals:

Moving averages

Trade is conducted in the 30- and 50-day average, which indicates the lateral nature of the market.

Bollinger bands

The upward correction for the euro is still limited to the upper border of the Bollinger Bands indicator near 1.1345 but a repeated test of the lower border of the indicator in the area of 1.1288 may lead to an increase in pressure on the euro.

This image is no longer relevant

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

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