19.11.201815:54 Forex Analysis & Reviews: EUR / USD pair: plan for the US session on November 19. Bulls are building a new level for continued growth

To open long positions on EUR / USD pair, you need:

Buyers of the European currency are focused on the resistance of 1.1429 today, which I talked about in more detail in my morning forecast. We can see that it was not possible to break through above from the first time, however, the euro did not fall quickly either. his suggests that buyers are preparing for the breakthrough of 1.1429, and during the next test, I recommend opening long positions at the breakdown in order to update already new weekly highs around 1.1456 and 1.1485, where I recommend taking profits. In the event of a decline in EUR/USD in the afternoon, it is best to consider buying the euro on a rebound from the major support 1.1381.

To open short positions on EUR / USD pair, you need:

The bears tried to prove themselves in the first half of the day after the update of last week's high in the area of resistance at 1.1429 but there was no major fall from this level. Despite this, as long as trading continues below 1.1429, the pressure on the euro will continue since there is a clear divergence on the MACD indicator, which could lead the pair to the lower border of the channel 1.1380, where I recommend taking profits. The main task of sellers will be a breakthrough and consolidation under the level of 1.1380, which will quickly push the euro to a minimum of 1.1329, where I recommend taking profits.

Indicator signals:

Moving averages

Trade is conducted above the 30- and 50-day average, which indicates the bullish nature of the market.

Bollinger bands

A break of the upper border of the indicator in the 1.1429 area could lead to a sharp rise in the euro.

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