19.03.201916:15 Forex Analysis & Reviews: EUR / USD: plan for the US session on March 19. The euro has not received support from the business sentiment data

To open long positions on EURUSD you need:

Despite a good report on sentiment in the business environment of Germany and the eurozone, the euro continues to weaken against the US dollar, and the update of yesterday's highs completely slowed down all growth. The main task of the bulls remains a breakthrough and consolidation above the resistance of 1.1370, which will lead to a new wave of growth in the area of 1.4107 maximum, where I recommend fixing the profit. With the EUR / USD decline scenario in the second half of the day, long positions can only be counted after a false breakdown in today's low of 1.1337 or a rebound from the larger support area of 1.1301.

To open short positions on EURUSD you need:

Sellers manifest themselves at the approach to a strong resistance level of 1.1370, however, the main task will be to return and fix below the support of 1.1337, which will lead to a larger sale of EUR / USD in order to update the minima around 1.1301 and 1.1278, where I recommend fixing the profits. Weak data on the volume of production orders in the United States can once again support the euro in the afternoon. In this scenario, it is best to rely on short positions to rebound from a maximum of 1.1407.

Indicator signals:

Moving Averages

The price remains above the 30-day and 50-moving averages, which indicates the bullish nature of the market.

Bollinger bands

If the euro declines in the second half of the day, the lower limit of the Bollinger Bands indicator around 1.1326 may provide support.

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