You are here: Home > articles > Forex > EUR / USD: plan for the American session on January 22. The euro buyers have managed to maintain an important level of support.
EUR / USD: plan for the American session on January 22. The euro buyers have managed to maintain an important level of support.
January 22, 2019 2:21 pmVideo
Latest News
- Video market update for April 23, 2024 April 23, 2024
- Trading Signals for EUR/USD for April 23-25, 2024: buy above 1.0681 (21 SMA – 3/8 Murray) April 23, 2024
- Analysis for the EUR/USD pair on April 23rd. Euro currency prepares for another decline April 23, 2024
- Analysis for the GBP/USD pair on April 23rd. Sellers failed to take the mark of 1.2313 on the first attempt April 23, 2024
- Technical Analysis – AUDUSD gears up after disappointing US PMIs April 23, 2024
- Technical Analysis – Meta stock falls below 50-SMA ahead of earnings April 23, 2024
- USD/JPY: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Technical Analysis – USDJPY fights with new 34-year high April 23, 2024
- EUR/USD: Simple trading tips for novice traders on April 23rd (US session) April 23, 2024
- Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets April 23, 2024
- GBP/USD: trading plan for the US session on April 23rd (analysis of morning deals). The pound continues to decline April 23, 2024
- EUR/USD: trading plan for the US session on April 23rd (analysis of morning deals). The euro has shown rapid growth April 23, 2024
- EUR/USD. April 23rd. Bulls and bears are in balance April 23, 2024
- GBP/USD. April 23rd. The bears continue to attack April 23, 2024
- Gold edges lower as Middle East tensions ease April 23, 2024
- Slightly lower volatility across the board ahead of key US data – Volatility Watch April 23, 2024
- Technical Analysis – UK 100 index hits new all-time highs but rally may be cooling April 23, 2024
- XM Teams up with ‘Charity Right’ for Change April 23, 2024
- Technical Analysis – US 500 index rebounds off 2-month low below 5,000 April 23, 2024
To open long positions on EUR / USD, you need:
In the first half of the day, buyers managed to keep an important level of support around 1.1348, and the formation of a false breakdown on it, which I paid attention to in my morning forecast, preserves the likelihood of continuing upward correction in euro. The main objective remains the breakthrough of the resistance level of 1.1388, which will lead to a larger upward correction in the region of the maximum of 1.1423 and 1.1451, where I recommend fixing the profits. In the event of a further decline in the euro with the trend, it is best to look at the long positions after a test of support at the low of this year in the area of 1.1312.
To open short positions on EUR / USD, you need:
The sellers showed themselves in the morning and tried to break through the support of 1.1348, but this did not bring any results. The task for the second half of the day is to re-lower to the area of 1.1348, which will lead to a larger EUR / USD sale with a minimum of 1.1312 and 1.1272, where I recommend fixing the profits. In the case of a return scenario above the resistance of 1.1388, against the background of weak statistics in the US, I recommend to consider short positions in euro for a rebound from the upper border of the side channel last week around 1.1423.
Indicator signals:
Moving Averages
Trade is conducted below the 30-day and 50-medium moving, which indicates the bearish nature of the market.
Bollinger bands
The volatility of the Bollinger Bands indicator is low, which does not give signals to enter the market.
Description of indicators
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: