Forex Analysis: 26 Sep 2019, 02:03 UTC+00

Trading plan for EURUSD for September 26, 2019

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Technical outlook:

EURUSD seems to have finally terminated the proposed wave ii, within wave (iii) at 1.0937. The above video transcript highlights price action beginning of this week, and another update shall be followed soon. Please note that 1.0927 remains intact which keeps the bullish count valid. The channel line seen here has provided the necessary support it seems and a push beyond immediate resistance at 1.1024 would confirm that a meaningful low is in place. The wave structure still remains constructive for bulls with wave (iii) progressing towards 1.1185 and higher. It is too early to confirm but EURUSD has potential to push through 1.1450 and towards 1.1800, 1.2000 levels. Trading point of view, longs are favored against 1.0927.

Trading plan:

Remain long against 1.0927, target is 1.1185.

Good luck!


Performed by
analytical expert: Oscar Ton
InstaForex Group © 2007-2020
 Published: 26 Sep 2019, 02:03 UTC+00

 
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Tuesday, 25 February 2020 
Time Country Indices Period Previous Reading Forecast Actual Reading Importance
05:00
 
Leading Indicators Dec 91.6 91.6 91.6
Low
05:00
 
Leading Indicators Dec 91.6 91.6 91.6
Low
07:00
 
GDP 4 quarter 0.0% q/q; 0.3% y/y 0.0% q/q; 0.3% y/y 0.0% q/q; 0.3% y/y
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10:30
 
10-y Bond Auction Feb 0.500%; 2.31 0.512%; 2.16
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11:00
 
CBI retail sales volume balance Feb 0 4 1
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13:30
 
Corporate Profits 4 quarter 0.2% 3.6%
Low
14:00
 
House Price Index Dec 0.3% 0.4% 0.6%
Low
14:00
 
Case-Shiller 20 City Dec 2.5% 2.8% 2.9%
Low
14:45
 
FOMC Member Robert Kaplan Speaks
Medium
14:45
 
FOMC Member Robert Kaplan Speaks
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15:00
 
Consumer Confidence Feb 130.4 132.6 130.7
High
15:00
 
Richmond Fed Manufacturing Index Feb 20 10 -2
Low
17:30
 
BOC Deputy Governor Timothy Lane Speaks
Medium
Wednesday, 26 February 2020 
Time Country Indices Period Previous Reading Forecast Actual Reading Importance
00:01
 
BRC Shop Price Index Feb -0.3% -0.2%
Low
00:30
 
Construction Work Done 4 quarter -0.4% -1.0%
Medium
05:00
 
BOJ Core CPI Jan 0.3% 0.2%
Low
9:00
 
ZEW-CS Survey (Economic Expectations) Feb 8.3
Low
14:45
 
FOMC Member Robert Kaplan Speaks
Medium
14:45
 
FOMC Member Robert Kaplan Speaks
Medium
15:00
 
New Home Sales Jan 694K; -0.4% 710K; 2.7%
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15:30
 
Crude Oil Inventories Feb 415K
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18:00
 
FOMC Member Neel Kashkari Speaks
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18:00
 
FOMC Member Neel Kashkari Speaks
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Trade Balance Jan 547M; -4309M -530M; -3940M
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