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20.06.201907:33 Forex Analysis & Reviews: EUR/USD: plan for the European session on June 20. Euro strengthened after the Fed meeting

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.

To open long positions on EURUSD you need:

Euro buyers are aiming for a resistance of 1.1286, where the first profit taking on long positions will be marked. However, the main task of the bulls will be a breakthrough and consolidation above this level in order to continue the upward trend in the area of a 1.1338 high. It is better to consider more interesting purchases when adjusting to the support area of 1.1245, with the condition that a false breakdown is formed there, or to rebound from a larger level of 1.1207, which was formed yesterday.

To open short positions on EURUSD you need:

The bears will try to prevent a breakthrough of resistance at 1.1286 in the first half of the day, and the formation of a false breakout there will be the first signal to open short positions in order to adjust for an intermediate support of 1.1245, where I recommend taking profits. The main task of euro sellers will be a test of a low of 1.1207. Under the scenario of a further upward trend above the level of 1.1286, which can be continued due to the expectation of a decrease in interest rates in the US, it is best to return to short positions on a rebound from the large resistance of 1.1338.

Indicator signals:

Moving averages

Trade is conducted above 30 and 50 moving averages, which indicates the formation of a bull market.

Bollinger bands

In case the euro declines in the first half of the day, support will be provided by the average indicator line in the 1.1235 area.

Exchange Rates 20.06.2019 analysis

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
Miroslaw Bawulski
Analytical expert of InstaForex
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