Permanecer 
Condições de Negociações
Ferramentas
To open long positions on EURUSD you need:
Yesterday's fundamental data and another speech by Fed Chairman Jerome Powell did not change the technical picture of the EUR/USD pair. Bulls still need to break above the resistance of 1.0997, as only this will provide them with growth to highs in the areas of 1.1022 and 1.1067, where I recommend taking profits. However, the more important task for the first half of the day is to protect the support of 1.0965, which was done yesterday. Good reports on eurozone countries, especially on the German industry, as well as the formation of a false breakout in the region of 1.0965, is a direct signal to buying the euro. If the bulls miss this range, you can return to long positions immediately on the rebound from the lows 1.0935 and 1.0905.
To open short positions on EURUSD you need:
Yesterday, the formation of a false breakout in the resistance area of 1.0993 made it possible for the bears to keep the market in the side channel, however, a breakthrough and consolidation below the support of 1.0965, which may occur together with the release of a bad industry report in Germany, remains a more important task for today. Only this will allow EUR/USD to push to the lows in the area of 1.0935 and 1.0905, where I recommend taking profits. In the euro growth scenario in the morning, the formation of a false breakdown in the resistance area of 1.0997 will also be another signal to open short positions. However, it is best to consider short positions for a rebound from a high of 1.1022.
Signals of indicators:
Moving averages
Trade is conducted in the region of 30 and 50 moving average, which indicates the lateral nature of the market.
Bollinger bands
In case EUR/USD declines in the morning, support will be provided by the lower boundary of the indicator around 1.0960. Growth will be limited by the upper limit in the area of 1.0997.
Description of indicators
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
