You are here: Home > articles > Forex > EUR / USD: plan for the European session on October 1. Euro sellers need a break, but there is still strength
EUR / USD: plan for the European session on October 1. Euro sellers need a break, but there is still strength
October 1, 2018 2:23 pmVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
To open long positions on EUR / USD you need:
The Friday’s inflation data led to a further decline in the euro, but in the second half of the day, there was a fixation of profits. At the moment, buyers need to stay above the level of 1.1587 or create a false breakdown on it, which will be a signal to open long positions in EUR / USD with a view to returning to the resistance level of 1.1615, consolidation on which will lead to growth in the area of the high of 1.1648, where I recommend fixing the profit. In the case of a further decline in the euro on the trend, you can go back to purchases after updating the minimum of 1.1556 or rebound from 1.1528.
To open short positions on EUR / USD you need:
The repeated support test of 1.1587 will lead to the breakdown of this level with the formation of a signal for the sale of the euro. The bears will try to update the low of last week with the test of the area of 1.1556 and the exit at 1.1528, where I recommend fixing the profit. In the case of EUR / USD growth in the first half of the day, you can look at short positions when forming a false breakout in the resistance area of 1.1615 or on a rebound from the high of 1.1648, where the upper limit of a new downward channel will be formed.
Indicator signals:
Moving averages
The 30-day moving average and 50-day average are directed down, which indicates a continued decline in the euro in the short term.
Bollinger bands
The euro can be supported by the lower limit of the indicator Bollinger Bands, which is located in the area of 1.1579. However, its breakdown will lead to a new wave of decline.
Description of indicators
MA (average sliding) 50 days – yellow
MA (average sliding) 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: