empty
 
 

23.10.201914:44 Forex Analysis & Reviews: EUR/USD: plan for the American session on October 23rd. Low volatility may continue until tomorrow's ECB meeting

To open long positions on EURUSD, you need:

Bulls gradually return to the morning level of 1.1116, while the market remains very low volatility amid the lack of statistics and news on Brexit. The task of buyers for the second half of the day is to test the level of 1.1147, and fixing it again will give the pair an upward momentum, which can lead to an update of the highs of the month in the area of 1.1178 and 1.1226 , where I recommend taking the profits. With further pressure remaining, and the level of 1.1116 can already be considered wagered, it is best to open long positions in EUR / USD when testing the minimum of 1.1090 immediately for a rebound. Another major support is seen around 1.1055.

To open short positions on EURUSD, you need:

In the first half of the day, the bears tried to consolidate below the support of 1.1116, which I paid attention to in my morning review, but failed to do so. Most likely, traders will continue to take a wait-and-see position in the absence of specifics on the further plan with Brexit and before tomorrow's meeting of the European Central Bank. The return to the level of 1.1116 will lead to the continuation of the downward correction in the area of the minimum of 1.1090, where I recommend taking the profit. With the growth of the euro in the resistance area of 1.1147, it is best to open short positions from there, provided that a false breakdown is formed. Selling EUR / USD immediately on the rebound is best from the high of 1.1178.

Indicator signals:

Moving averages

Trading is conducted below 30 and 50 moving averages, which indicates the possible formation of a downward trend in the pair.

Bollinger bands

The breakthrough of the upper limit of the indicator in the area of 1.1137 will provide the market with new buyers of the euro.

Exchange Rates 23.10.2019 analysis

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

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Miroslaw Bawulski,
Experto analítico de InstaForex
© 2007-2022
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.




  • 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
  • Ferrari de InstaForex
    Recargue su cuenta con al menos $1000
    únase al concurso y gane un Ferrari
    F8 Tributo
    UNIRSE AL CONCURSO
  • Depósito al azar
    Deposite su cuenta con $3000 y gane $1000
    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
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.