You are here: Home > articles > Forex > EUR / USD pair: plan for the US session on November 28. The market is waiting for Fed Chairman Jarom Powell speech
EUR / USD pair: plan for the US session on November 28. The market is waiting for Fed Chairman Jarom Powell speech
November 28, 2018 3:21 pmVideo
Latest News
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
- Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA April 25, 2024
- Technical Analysis – NZDUSD advances after bounce off 5-month low April 25, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Gold April 25, 2024
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
- Overview of the GBP/USD pair on April 25, 2024 April 25, 2024
- Overview of the EUR/USD pair on April 25th. The dollar may start to get cheaper at the end of the year, after the arrival April 25, 2024
- Technical Analysis – EURUSD creates bullish channel in near term April 25, 2024
- Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin from Sebastian Seliga April 25, 2024
- Market Comment – Yen tumbles to fresh lows, dollar awaits GDP April 25, 2024
To open long positions on EUR / USD pair, you need:
The situation has not changed much compared to the morning forecast but the market is on the side of euro sellers. To change the situation, a breakthrough and fixation above the resistance of 1.1292 are needed, which will lead to a larger upward correction in the area of 1.1327. To rely on maximums around 1.1374, weak data on the American economy will be required. The output of which is expected in the second half of the day. In the case of a further decline in the EUR/USD pair, long positions are best considered after updating the minima of 1.1254 and 1.1223.
To open short positions on EUR / USD pair, you need:
While trading is below the resistance of 1.1292, pressure on the euro will continue. Meanwhile, the release of good statistics on US GDP growth in the 3rd quarter of this year may lead to a new wave of EUR / USD decline with test lows around 1.1254 and 1.1223, where I recommend taking profits. If the data turns out to be worse than expected, a bet on the strengthening of the US dollar can be made during a speech by Fed Chairman Jerome Powell, which will be held tonight. With the euro growth scenario above 1.1292, short positions can be considered to rebound from a maximum of 1.1327.
Indicator signals:
Moving averages
Trade is conducted below the 30- and 50-day moving averages, which indicates a further downward trend of the euro.
Bollinger bands
The volatility of the Bollinger Bands indicator fell, which led to the absence of signals to enter the market.
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: