09.07.201914:25 Forex-elemzések és áttekintések: EUR/USD: plan for the American session on July 9. The euro continues to move down before the performance of Powell

To open long positions on EURUSD, you need:

Buyers missed the morning support level of 1.1207, and now all the emphasis will be placed on the speech of the Fed Chairman Jerome Powell and on larger lows in the area of 1.1182 and 1.161, from which it will be possible to count on a return to the market of major players. The main task of the bulls for the second half of the day is to break and consolidate above the resistance of 1.1207, which will lead to an update of the highs in the area of 1.1235 and 1.1268, where I recommend taking the profits.

To open short positions on EURUSD, you need:

Sellers will count on the speech of the head of the Fed, during which, as expected, can be announced specifics on interest rates. The positive tone of the performance will lead to a further decline in EUR/USD in the area of the lows of 1.1182 and 1.161, where I recommend taking the profit. If the bulls manage to return to the resistance of 1.1207 in the second half of the day, then it is best to look at the short positions after the test of the daily maximum of 1.1235 yesterday or a rebound from the resistance of 1.1268.

Indicator signals:

Moving Averages

Trading is below 30 and 50 moving averages, which indicates a possible continuation of the bearish market.

Bollinger Bands

In the EUR/USD growth scenario, the upward trend may be limited by the upper limit of the indicator around 1.1225.

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