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EUR / USD pair: plan for the US session on November 13. Euro buyers are fighting back

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

In the first half of the day, euro buyers failed to gain a foothold above the resistance of 1.1255. However, the expected major sell-off from this level did not happen. In the afternoon, the repeated test of the area of 1.1255 may lead to an increase in the bullish momentum and a breakdown with the update of resistance at 1.1282, where I recommend fixing the profit. In the event of continued pressure on Ethe UR/USD pair, the bulls can count on the formation of a false breakdown in the region of the minimum of last month 1.1215. Otherwise, it is best to open long positions to rebound from 1.1180 and 1.1149.

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

The bears managed to keep the pair below the resistance level of 1.1255, which led to a slight downward trend in the first half of the day but failed to continue. he main task remains the breakdown of the minimum of this month in the region of 1.1215, which will collapse the EUR/USD in the area of 1.1180 and 1.1149, where I recommend taking profits. If the euro rises in the second half of the day above resistance 1.1255, short positions can be returned after an unsuccessful fixing above resistance 1.1282 or to rebound from a maximum of 1.1322.

Indicator signals:

Moving averages

Trade is conducted below the 30- and 50-day average, indicating a further decline in the euro.

Bollinger bands

It has been confirmed that it has reached a rate of 1.1255.

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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

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