empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

06.12.201814:29 Forex Analysis & Reviews: EUR / USD: plan for the US session on December 6. The market is waiting

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.

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

New serious data is not available, and traders took a pause before important reports from ADP, as well as on the number of people employed outside the agricultural sector. The situation compared with the morning forecast has not changed. Buyers of the European currency can only rely on the formation of a false breakdown in the support area of 1.1313, which will lead to an upward correction in the area of 1.1356 and 1.1391, where I recommend fixing the profits. A signal to buy EUR / USD will also be a breakthrough and consolidation above the resistance of 1.1356. In the case of a further decline, long positions are best returned to the rebound from a minimum of 1.1272.

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

The first test support of 1.1309 can lead to the formation of a small euro rebound up by 15-20 points. However, on the second decline to this level, most likely, a breakdown will be formed with an output of at least 1.1272, where I recommend fixing the profits. In the case of an upward correction in the second half of the day to the area of 1.1356, one can also see short positions in this range, provided that a false breakdown is formed. In a different scenario, you can sell EUR / USD immediately to rebound from a maximum of 1.1391.

Indicator signals:

Moving Averages

Trade is conducted in the area of 30-day and 50-day moving averages, which indicates market uncertainty.

Bollinger bands

Bollinger Bands indicator volatility decreased. There are no market entry signals.

Exchange Rates 06.12.2018 analysis

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

Miroslaw Bawulski
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off