20.11.201815:23 Forex Analysis & Reviews: EUR / USD pair: plan for the US session on November 20. Euro buyers retreat before the decision of the European Commission tomorrow

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

It was not possible to break above resistance 1.1456, which led to the expected decline of the euro in the area of support 1.1426. I indicated this in detail in my morning review . However, as we can see, the demand at 1.1426 is also absent. It is best to open new long positions in EUR / USD after reducing and updating the support level of 1.1393 or to rebound from a minimum of 1.1361. The main task of the euro buyers in the afternoon will be a return to the resistance of 1.1426, which will maintain the upward potential.

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

The bears did not let the pair go above the resistance of 1.1456 and the formation of a false breakdown there, to which I paid attention in my morning forecast, led to a decline in the euro. The breakthrough of support for 1.1426 will allow sellers to count on a further downward correction in the area of minimums of 1.1393 and 1.1361, where I recommend taking profits. In case of EUR / USD growth in the second half of the day, it is possible to return to short positions on a rebound from the resistance of 1.1456.

Indicator signals:

Moving averages

Trade gradually moves under the 30- and 50-day moving average, which can lead to a change in the market trend to a downward one.

Bollinger bands

Trade gradually moves under the 30- and 50-day moving average, which can lead to a change in the market trend to a downward one.

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20