empty
 
 
10.10.2018 07:32 AM
EUR / USD pair: plan for the European session on October 9. Euro buyers have the last chance

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

The buyers of the European currency have the last chance to reverse the formation of the downward trend. To do this, you need to get above the resistance of 1.1500, which will be a signal to buy euros in order to update the weekly maximum around 1.1541, where taking profits are recommended. In the event of a decline in EUR / USD, it is possible to count on new purchases in the area of 1.1463 but only after the formation of a false breakdown there. In a different scenario, it is best to open long positions to rebound from a new low of 1.1399.

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

Sellers will try to form a false breakdown in the area of 1.1500, which will lead to another wave of euro decline. The main goal will be the breakdown and consolidation below the support level of 1.1463, which will resume the downward trend and allow testing the new monthly minimums of 1.1399 and 1.1351, where taking profits on short positions are recommended. If the euro rises above 1.1500 in the first half of the day, you can immediately return to sales to rebound from a maximum of 1.1541.

Indicator signals:

Moving averages

The price is stuck between 30 and 50 average, which indicates the uncertainty in the market. However, sellers have the advantage as the downward direction of averages.

Bollinger bands

The Bollinger Bands indicator does not give signals when entering the market and indicates that the volatility remains low. The lower border, located in the 1.1470 area, will be another support in case of a decline in 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
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback