You are here: Home > articles > Forex > EUR/USD: plan for the European session on December 18. The situation is becoming more uncertain
EUR/USD: plan for the European session on December 18. The situation is becoming more uncertain
December 18, 2018 3:22 pmVideo
Latest News
- Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Tuesday April 23, 2024. April 23, 2024
- Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday April 23, 2024. April 23, 2024
- Key events on April 23: fundamental analysis for beginners April 23, 2024
- EUR/USD and GBP/USD: Technical analysis on April 23 April 23, 2024
- Forecast for EUR/USD on April 23, 2024 April 23, 2024
- Forecast for GBP/USD on April 23, 2024 April 23, 2024
- Forecast for USD/JPY on April 23, 2024 April 23, 2024
- Outlook for GBP/USD on April 23. The pound resumed its decline without delay April 23, 2024
- Outlook for EUR/USD on April 23. Boring Monday went off without a hitch April 23, 2024
- Less reason to expect the dollar to weaken April 23, 2024
- The dollar is armed April 23, 2024
- GBP/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- EUR/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
- GBP/USD. April 22nd. The bulls continue to retreat April 22, 2024
- Can Australian CPI data lift the struggling aussie? – Preview April 22, 2024
- Meta reports Q1 earnings after new AI model – Stock markets April 22, 2024
To open long positions on EURUSD you need:
Tomorrow’s interest rate decision and Christmas all bring more uncertainty to the markets. Data is ignored, and the direction becomes unpredictable. Today I recommend to make purchases on a false breakout in the area of 1.1332, and it is better to rebound from the low of 1.1311. The main task will be a breakthrough and consolidation above 1.1356, but this is subject to the release of good statistics from the IFO in Germany. In this case, you can count on the continuation of the upward trend to 1.1385, where I recommend to lock in the profit.
To open short positions on EURUSD you need:
Only an unsuccessful consolidation above resistance 1.1356, which coincides with the release of a weak report from the IFO Institute in Germany, will be a signal to open short positions in euros in order to return and retest the support of 1.1332. Fixing below this level will lead to a sale of the EUR/USD and the return of the pair to the area of a low of 1.1311, where I recommend taking profits in the first half of the day. In case of growth above 1.1356, it is possible to open short positions on the euro to rebound from a high of 1.1385.
Indicator signals:
Moving averages
Trade is conducted slightly above the 30-day and 50-day moving average, with a short-term advantage of buyers of the European currency.
Bollinger bands
The euro can be supported by the lower limit of the Bollinger Bands indicator, which is located in the area of 1.1330. Its breakthrough will lead to a large sale of the EUR/USD. The upper limit, which coincides with the resistance of 1.1356, limits the growth of the euro.
Description of indicators
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: