28.01.201914:42 Forex-elemzések és áttekintések: EUR / USD: plan for the US session on January 28. Bears in no hurry to return to the market

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

The euro buyers returned to the market after the expected correction, which I paid attention to in my morning review. At the moment, the next buy signal will be a breakthrough of the resistance level of 1.1422, which will lead to the continuation of the upward trend with the update of highs around 1.1457 and 1.1490. The release of important fundamental data is not expected, so all attention remains on the speech of the President of the European Central Bank, Mario Draghi. In the event of a further euro decline in the afternoon to the support area of 1.1387, it is best to look at long positions from 1.1342.

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

There were not enough bears for a long time, and after a slight downward correction, demand for the euro is again observed. At the moment, it is best to look at short positions after the update of this week's high in the large resistance area of 1.1457 or a rebound from 1.1490. The main task of sellers for the second half of the day will be a breakthrough and consolidation below the support of 1.1387, which will instantly lead to a sale to the minimum area of 1.1342 and 1.1292, where I recommend fixing the profits.

Indicator signals:

Moving Averages

Trade is conducted above the 30-day and 50-medium moving, which indicates a possible continuation of the growth of the euro.

Bollinger bands

The volatility of the Bollinger Bands indicator has sharply decreased, which does not give signals on market entry.

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