You are here: Home > articles > Forex > EUR / USD pair: plan for the US session on September 12. Euro buyers do not have enough strength
EUR / USD pair: plan for the US session on September 12. Euro buyers do not have enough strength
September 13, 2018 9:24 amVideo
Latest News
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
- Overview of the EUR/USD pair. April 16th. In plain text: The ECB will cut rates in June April 16, 2024
- Forecast for EUR/USD on April 16, 2024 April 16, 2024
- Forecast for GBP/USD on April 16, 2024 April 16, 2024
- Forecast for AUD/USD on April 16, 2024 April 16, 2024
- Outlook for GBP/USD on April 16. Pound awaits inflation data April 16, 2024
- Outlook for EUR/USD on April 16. Another boring Monday April 16, 2024
- The euro hardly has a chance to rise April 16, 2024
To open long positions for EUR / USD pair, you need:
In the first half of the day on Wednesday, buyers did not have enough strength to get above the resistance of 1.1605, which I paid attention to in my morning review. A breakthrough of level 1.1605 is necessary to maintain the upward trend, which was formed earlier this week that could lead to a repeat test of highs around 1.1641 and their update in the area of 1.1686, where fixing profits are recommended. If the euro falls below the support level of 1.1570 in the second half of the day, it is best to return to long positions on the rebound from the area of 1.1553.
To open short positions for EUR / USD pair, you need:
Bears kept the pair below the resistance level of 1.1605, and now all the calculation for good data on producer prices in the US, which can support the US dollar and will resume pressure on the euro pair. The breakthrough of support 1.1570 will be a signal for the opening of short positions in order to decrease and return to the lows of week 1.1549 and 1.1529, where fixing profits are recommended. In the case of weak data on the US economy, I recommend that I return to sales after the next renewal of resistance 1.1605 or to a rebound from 1.1641.
Indicator signals:
The 30-day moving average is on par with the 50-day moving average. This indicates that the trade will be conducted in the side channel.
Description of indicators
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: