23.09.201908:03 Forex Analysis & Reviews: EUR/USD: plan for the European session on September 23. Manufacturing activity data may put pressure on the euro and lead to a breakdown of 1.0997

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

To open long positions on EURUSD you need:

Euro buyers managed to pull the market off the low of the week on Friday amid a report on investor confidence, which slightly increased, but the general background remains negative. Today's report on activity in the manufacturing sector of the eurozone countries may continue to pull down the pair. Therefore, it is best to consider long positions after correction and the formation of a false breakdown in the support area of 1.0997, and buy EUR/USD immediately for a rebound from a low of 1.0960. The main goal will be to return and consolidate above the resistance of 1.1034, which will allow the bulls to update a larger range of last week's resistance in the area of 1.1067-1.1074, where I recommend taking profits.

To open short positions on EURUSD you need:

Weak production activity and the formation of a false breakdown in the resistance area of 1.1034, where the moving averages are concentrated, can lead to the formation of a new downward wave in EUR/USD, which will lead to a test of last week's low at 1.0997 and its breakthrough. Only such a scenario will increase pressure on the euro and pull down the pair to a support of 1.0960 and 1.0927, where I recommend taking profits. If the data on the eurozone does not come out as bad as expected, then the bulls can return to their resistance at 1.1034. In this case, it is best to consider new short positions in EUR/USD for a rebound from last week's resistance range in the region of 1.1067-1.1074.

Signals of indicators:

Moving averages

Trading is conducted below 30 and 50 moving averages, which indicates a slight superiority of euro sellers.

Bollinger bands

A break of the lower boundary of the indicator at 1.1005 will increase pressure on the euro, while the upper boundary at 1.1040 will limit the upward potential in the morning.

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

All`elenco degli articoli

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.