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20.11.201710:07 Forex Analysis & Reviews: Trading plan for the European session on November 20 EUR/USD and GBP/USD

Long-term review
Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

EUR/USD

To open long positions for EURUSD, it is required:

Political problems in Germany have crashed the euro. A return to long positions is recommended after the formation of a false breakdown at the level of 1.1725, with the update of today's low, which can lead to an upward trend for the euro in the area of 1.1766, where it is advised to lock in profits. Further growth in the area of 1.1803 can be expected only after a consolidation above 1.1766. In the event of a decline below 1.1725, it is best to go back to a rebound from 1.1683.

To open short positions for EURUSD, it is required:

The re-test at 1.1725 may lead to its breakdown, and the consolidation below this level will be an additional signal to increase short positions in order to update 1.1683, where it is advised to lock in today's profit. In the event of a growth in the euro during the first half of the day, short positions can be considered after the test at 1.1766.

Exchange Rates 20.11.2017 analysis

GBP/USD

To open long positions for GBP/USD, it is required:

A break above 1.3214 would be a good signal to open long positions on the pound for the purpose of updating and the exit towards 1.3254, where it is advised to lock in profits. In the event of a strong consolidation above 1.3214, a powerful bullish momentum is not formed, buying is advised to be postponed to the test of larger support levels around 1.3170 and 1.3146.

To open short positions for GBP/USD, it is required:

A false breakout of 1.3214, or a re-decline towards 1.3187, will serve as a good signal for an increase in short positions in the GBP/USD pair. In terms of decline and a test of a large support at 1.3146, where it is advised to lock in profits. A minor problem for bears may be the intermediate level of 1.3170, from which a rebound may be observed upwards towards the resistance area of 1.3187. If the pound is above 1.3214, selling is advised only after last Friday's high with a return at 1.3254.

Exchange Rates 20.11.2017 analysis

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20
Miroslaw Bawulski
Analytical expert of InstaForex
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