Trading Conditions
Products
Tools
To open long positions on EURUSD, you need:
From a technical point of view, nothing changed in the first half of the day. The euro recovered while volatility remained extremely low. Presidential Day in the United States and low trading volume awaits us in the future. With purchases, you need to proceed carefully. Only the formation of a false breakdown at the level of 1.0830 will confirm the actual presence of buyers in the market, which will allow you to reach the resistance of 1.0860, a break of which will lead the pair to a maximum of 1.0886, where I recommend fixing the profits. In the scenario of a further fall in the euro, you can look at long positions for a rebound from the minimum of 1.0804 or even lower in the support area of 1.0773.
To open short positions on EURUSD, you need:
Sellers of the euro need a breakthrough of 1.0830, which will lead to a further sale in the area of the lows of 1.0804 and 1.0773, where I recommend fixing the profits. However, given the absence of important fundamental statistics today, the Eurogroup meeting and US Presidential Day, we can expect a small upward correction in EUR/USD to continue to the resistance area of 1.0860, where an unsuccessful attempt to consolidate above this range will be the first signal to open short positions. You can sell the euro immediately on a rebound from the maximum of 1.0886.
Signals of indicators:
Moving averages
Trading is conducted in the area of 30 and 50 moving averages, which indicates market uncertainty.
Bollinger Bands
Volatility remains extremely low, which does not give 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.