For Traders

Analytical Reviews

Trading plan

18.10.201815:24 Forex Analysis & Reviews: Control zones of EUR/USD pair 10/18/18

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Yesterday the reversal pattern was formed. The American session closed below the a control zone.

It has been completed. This became possible after yesterday's US session closed below the a control zone. Anyone today will be a correction for profitable valuable instruments for sale. Returning to yesterday's support will be the first resistance to growth.

The target zone is the weekly control zone. The lower limit of which is located at the level of 1.1428. Achievement of this zone will allow fixing a part of sales and transfer the rest to breakeven.

To cancel the descending pattern, it will be necessary to take over yesterday's fall and close the American session above the level of 1.1550. This will give up a short position and consider purchases tomorrow. The best deals are sales, however, a small correctional growth is required to get better prices. The ratio of risk to profit from sales from current levels will be unprofitable.

Back to the list

Open trading account

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.