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02.02.201809:17 Forex Analysis & Reviews: Trading plan for the European session on February 2 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 on EURUSD, it is required:

Consider new buying of euros after the breakdown and consolidation above 1.2510, or on a false breakdown of 1.2478, which could lead to a new monthly high in the area of 1.2558 with an update of the psychological level of 1.2601, where it is recommended it lock in profits. In the case of a decline in the euro at 1.2478 in the morning, considering the new long positions is best on a rebound from 1.2435, or after the upgrade of the larger support in the area of 1.2388.

To open short positions on EURUSD, it is required:

The formation of a false breakout at 1.2510 and a return to this level can lead to a correction of the euro in the morning to the support area 1.2478, and consolidation below this range will cause a bigger sellout of EUR / USD with an update of the level of 1.2435 and 1.2388, in the case of good data on the US the labor market. With a growth option above 1.2510, one can sell the euro on a false breakout of 1.2558, or on the rebound can be directly on the level of 1.2601.

Exchange Rates 02.02.2018 analysis

GBP/USD

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

Break and consolidation above 1.4275 will be a good signal for the opening of new long positions in the pound with the update 1.4341 and a test of a new high in the 1.4402 area, where it is recommended locking in the profit. In the case of a decline at 1.4233 in the morning, it's best to go back to buying after a false breakout at 1.4191, or on a rebound from 1.4123.

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

Failure to stabilize at 1.4275, or return to 1.4233 level will be a good signal to increase short positions in GBP / USD with the first goal of reducing to 1.4191 area and updating 1.4123, where it is recommended to secure profit. If the pound is above 1.4275, you can consider selling in the area of 1.4341, or on a rebound from 1.4402.

Exchange Rates 02.02.2018 analysis

Descriptors

  • MA (moving average) 50 days - yellow
  • MA (moving average) 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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