19.08.202008:24 Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD pair on August 19

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Trading recommendations for EUR / USD on August 19

Analysis of transactions

Bulls were active at the level of 1.1895 yesterday, as a result of which the quote reached the target level of 1.1933. Such brought profit of about 35 pips within the day.

This sharp rise in the euro came after US Treasury Secretary Steven Mnuchin said that there was no expected progress in the negotiations between Republicans and Democrats with regards to a new stimulus package.

Set up buy deals when the quote reaches the price level of 1.1954 (green line on the chart), targeting a rise towards the level of 1.1999. The increase may occur, on the grounds of good inflation data in the eurozone. Take profit at the level of 1.1999.
Meanwhile, sell positions after the quote hits a price level of 1.1911 (red line on the chart), aiming a drop to a price of 1.1858. However, such a scenario has a low chance of occurring since aside from inflation data, the latest Fed protocol will also be published today, the contents of which is forecast to put additional pressure on the US dollar. Nonetheless, take profit at the level of 1.1858.

Back to the list

Open trading account

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.