MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

EUR / USD: plan for the European session on October 17. Eurozone inflation data can shake the market

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

Euro buyers once again need to return and consolidate above the resistance level of 1.1569, just above which the moving averages restrict growth. Only a breakthrough of 1.1569 after the release of a good report on the consumer price index in the eurozone will allow us to expect a re-growth of EUR / USD with an update of the highs around 1.1605 and reaching a maximum of 1.1648, where I recommend fixing the profits. In the event of a decline in the euro under the support level of 1.1534, it is best to return to long positions to rebound from a minimum of 1.1490. The formation of a false breakdown at 1.1534 in the morning will also be a good signal to buy euros.

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

Sellers will try to return to the support level of 1.1534, which will be a signal to sell the euro in order to update the area of 1.1490, where I recommend fixing the profits. In the case of EUR / USD growth in the first half of the day after the release of data on inflation in the eurozone, short positions can be returned after an unsuccessful fixation and the formation of a false breakdown at the resistance level of 1.1569 or rebound from a maximum around 1.1605.

Indicator signals:

Moving Averages

Trade moved under the 30 and 50-day average, which gives a slight advantage to euro sellers. In general, the situation is developing in favor of buyers of the American dollar.

Bollinger bands

Volatility is very low. A break of the lower limit of the Bollinger Bands indicator around 1.1545 will be a direct signal to open short positions in euros. The average border is at the same level as the average sliding, which is a very strong resistance.

sQ1T1j7AVnDbm8Vg1Io9kR9AVcT8_atAL7tBlefq

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
The material has been provided by InstaForex Company - www.instaforex.com