Stay 
Trading Conditions
Products
Tools
To open long positions on EURUSD you need:
The situation has not changed in comparison with yesterday's forecast. The upward correction is still limited by the resistance of 1.1307, and for the time being, the bulls' task remains the same. A breakthrough and consolidation above this range will lead to further growth of EUR/USD with an update of highs of 1.1338 and 1.1364, where I recommend taking profits. If the downward movement continues further, then it is best to return to long positions on a false breakdown from the support of 1.1275, or to rebound from the new monthly low near 1.1239.
To open short positions on EURUSD you need:
Further movement will depend on the report on the US market and the number of people employed in the non-agricultural sector. In a good report scenario, a false breakdown around 1.1307 will be a signal to continue the downward trend, which will push EUR/USD to a low of 1.1275 and will also lead to an update of larger support at 1.1239, where I recommend taking profits. If the demand for the euro returns, then the upward potential will be limited by the resistance of 1.1338, however, it is best to open short positions to rebound immediately in the resistance area of 1.1364.
Indicator signals:
Moving averages
Trade is conducted in the region of 30 and 50 moving averages, which indicates the lateral nature of the market.
Bollinger bands
Volatility is low, which does not provide signals to enter the market.
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.
