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23.02.201812:03 Forex Analysis & Reviews: Trading plan for the European session for EUR / USD and GBP / USD pairs on February 23

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 pair

To open long positions for EUR / USD pair, you need:

For purchases, the level of 1.2296 is acceptable and a larger support area of 1.2268, which one can count on the resumption of growth in euros. An increase above the level of 1.2327 would be an additional signal to increase long positions in euro with a view in returning to the level of 1.2371 and 1.2410. In the case of a larger euro decline in the morning, you can immediately buy at a rebound from 1.2240.

To open short positions for EUR / USD pair, you need:

A break and consolidation below the level of 1.2296 will lead to a further sell-off of the European currency with the main goal of updating the sufficiently large support levels 1.2240 and 1.2208, on which the further direction of the trend will depend. If the euro rises in the first half of the day above the level of 1.2327, you can sell immediately for a rebound from 1.2371.

Exchange Rates 23.02.2018 analysis

GBP / USD pair

To open long positions for GBP / USD pair, you need:

Forming a false breakout and returning to the support level of 1.3925 will be the first signal to open long positions in the pound, and consolidating above the level of 1.3962 will increase the chances of customers to upgrade towards 1.4008, where fixing profits are recommended. In case of a further drop in the pound, you can consider new purchases after the test at 1.3879, or on a rebound from 1.3836.

To open short positions for GBP / USD pair, you need:

Breaking and consolidating below 1.3925 will lead to a further drop in the British pound with the main purpose of updating support 1.3879 and 1.3836, where fixing profits are recommended. If the GBP / USD pair rises above 1.3962 in the morning, it is recommended to return in sales only for a rebound from 1.4008.

Exchange Rates 23.02.2018 analysis

Indicators' descriptions

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