You are here: Home > articles > Forex > EUR / USD pair: plan for the US session on November 21. The European Commission recommended that Italy apply the procedure
EUR / USD pair: plan for the US session on November 21. The European Commission recommended that Italy apply the procedure
November 21, 2018 2:21 pmVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
To open long positions on EUR / USD pair, you need:
Euro buyers were not allowed above the resistance of 1.1409 to which I paid attention in my morning forecast, which led to a decrease in the pair. The upward potential was limited due to the fact that the European Commission recommended today that the procedure for excessive deficit be applied to Italy. Now, the EU has two weeks to make a decision. As for new purchases of the euro, the support level of 1.1365 showed itself very well in the first half of the day. The task for the second half of the day will be a breakthrough and consolidation above the resistance of 1.1409, which will lead to a larger increase in the euro in the area of the maximum of the week 1.1468, where I recommend taking profits. In the event of a further decline in the euro, it is best to rely on purchases to rebound from a minimum of 1.1329.
To open short positions on EUR / USD pair, you need:
Sellers have worked well at the resistance level of 1.1409, where I recommended opening short positions in the morning for a rebound. The main task of the bears in the afternoon will be a breakthrough and consolidation below 1.1365 support, which will lead to the formation of a new downward wave with the updating of minima in the area of 1.1329 and 1.1286, where I recommend to fix profits. In the case of EUR / USD growth above resistance 1.1409, it is best to consider new short positions to rebound from a weekly high of 1.1468.
Indicator signals:
Moving averages
Trade is conducted in the area of 30- and 50-day moving averages, which indicates the lateral nature of the market.
Bollinger bands
In the case of the euro decline in the afternoon, long positions can be viewed after the test of the lower border of the Bollinger Bands indicator channel in the 1.1355 area.
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
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: