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1 EUR/USD: plan for the European session on December 11. The situation with Brexit puts pressure on the euro
EUR/USD: plan for the European session on December 11. The situation with Brexit puts pressure on the euro
To open long positions on EURUSD you need: The euro declined after a failed attempt of growth yesterday in the first half of the day. At the moment, buyers can only rely on the formation of a false breakout in the support area of 1.1355 and on good data from the ZEW Research Institute in Germany and the eurozone, which will lead to the growth of the euro and the renewal of the resistance of 1.1384. The main task will be to break this range with the output above the moving averages and the...

To open long positions on EURUSD you need:

The euro declined after a failed attempt of growth yesterday in the first half of the day. At the moment, buyers can only rely on the formation of a false breakout in the support area of 1.1355 and on good data from the ZEW Research Institute in Germany and the eurozone, which will lead to the growth of the euro and the renewal of the resistance of 1.1384. The main task will be to break this range with the output above the moving averages and the test of a high of 1.1412, where I recommend to take profit. In the case the euro declines in the first half of the day below the level of 1.1355, you can open long positions from the lower border of the side channel of 1.1324.

To open short positions on EURUSD you need:

Bears need to stay below the resistance of 1.1384, and the formation of a false breakout on it will be a good signal to open short positions in order to decrease to the area of intermediate support of 1.1355, the first test of which will necessarily lead to a rebound of the euro upwards. It is best to sell from this level when you decline again with the main purpose of the breakdown and fall in the area of the low of 1.1324, where I recommend to lock in the profit. In case the EUR/USD grows above the resistance of 1.1384, you can look at the short positions on the rebound from the high of 1.1412.

Indicator signals:

Moving averages

Trade has moved under the 30-day and 50-day moving averages, which indicates the next side channel. In case of an upward correction, the moving average will act as resistances.

Bollinger bands

The upward correction in the pair will be limited to the upper border of the Bollinger Bands indicator in the area of 1.1412, the test of which will be a signal to sell. In the event of a decline in the euro, long positions can be seen at a rebound from the lower border, which is located in the area of 1.1329.

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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
Forex analysis 11 Dec 2018, 05:43 UTC+00
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2 EUR / USD pair: plan for the US session on December 10. The market is waiting
Demand for the euro remains, however, it is necessary to get back to the resistance level of 1.1434 to continue the...
To open long positions on EUR / USD pair, you need: Demand for the euro remains, however, it is necessary to get back to the resistance level of 1.1434 to continue the upward trend, which will lead to a further wave of growth with a test of highs around 1.1471 and 1.1498, where I recommend taking profits. In the event of a decline in the euro in the second half of the day, it is best to return to long positions on a false breakdown from a low of 1.1398 or to a rebound from a larger support...

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

Demand for the euro remains, however, it is necessary to get back to the resistance level of 1.1434 to continue the upward trend, which will lead to a further wave of growth with a test of highs around 1.1471 and 1.1498, where I recommend taking profits. In the event of a decline in the euro in the second half of the day, it is best to return to long positions on a false breakdown from a low of 1.1398 or to a rebound from a larger support of 1.1366, where you can build the lower limit of the upward channel.

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

An unsuccessful fixation above the resistance of 1.1434 in the second half of the day will be a signal to sell the euro with the main goal of a breakdown and consolidation below the support of 1.1398, which will lead to a larger sale with a test of 1.1366 minimum, where I recommend to take profits. Important fundamental statistics are not expected to be released in the afternoon. Thus, if the euro rises above resistance 1.1434, short positions can return to the rebound from a maximum of 1.1471.

Indicator signals:

Moving averages

Trade is conducted above the 30 and 50-day moving averages, which indicates continued growth of the euro.

Bollinger bands

The upward trend may be limited by the upper limit of the Bollinger Bands indicator in the area of 1.1445, from where you can see sales of the euro immediately on the rebound.

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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

Forex analysis 10 Dec 2018, 12:19 UTC+00
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