empty
 
 
11.10.2018 03:30 PM
EUR / USD pair: plan for the US session on October 11. ECB protocols can help the euro to get to the weekly highs

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

Buyers managed to form a false breakdown at the level of 1.1541 considering yesterday events, which I paid attention to in my morning review and in turn, kept the upward potential in euros. The main task for the second half of the day will be updating of resistance 1.1588 and fixing on it that will lead to a larger upward impulse for the euro with a test of highs 1.1636 and 1.1683, where taking profits are recommended. In the case of a decline below the support level of 1.1541, long positions can only return to rebound from the 1.1483 level after the publication of the minutes from the last meeting of the European Central Bank.

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

It is best to rely on short positions in the euro come afternoon after the update of resistance 1.1588 with the formation of a false breakdown there. The main task remains the reduction and consolidation below the support level of 1.1541, which will be a clear signal to open new short positions in the euro with an update of the minimum level at 1.1483, where taking profits are recommended. In case of growth above 1.1588, you can sell the EUR / USD pair immediately to rebound from a maximum of 1.1636.

Indicator signals:

Moving averages

The price is above the 30 and 50 average, indicating a continuation of the upward trend.

Bollinger bands

The upside potential is limited by the upper line of the Bollinger Bands indicator. Its breakthrough will lead to a new wave of growth 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