Stay 
Trading Conditions
Products
Tools
To open long positions on EUR / USD, you need:
Weak data on inflation in the euro area, which remained unchanged last month, did not allow euro buyers to get out of the resistance level of 1.1569, which led to a decline and support test of 1.1534. If the bulls manage to form a false test there and return to this level in the second half of the day, we can expect a repeat test of the resistance level of 1.1569. If there is no rapid growth from this range, I recommend to postpone long positions in EUR / USD until the update of the minimum of 1.1490, which can be achieved on the Fed's protocols.
To open short positions on EUR / USD, you need:
The sellers managed to form a false breakdown at the level of 1.1569 and did not let the pair go higher, which led to a decline in the euro in the first half of the day. During the first test of support for 1.1534, a slight upward correction can be observed, but a repeated test during the day will lead to a breakdown of this area, which will be a signal for the continuation of EUR / USD decline with a minimum of 1.1490 and 1.1434, where I recommend fixing the profits.
Indicator signals:
Moving Averages
Trade is conducted under the 30 and 50-day average, which indicates the formation of a downward trend in the euro.
Bollinger bands
The breakdown of the lower limit of the Bollinger Bands indicator led to an increase in short positions in euros, which makes it possible to count on the renewal of weekly lows.
Description of indicators
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
