EUR / USD pair: plan for the US session on November 23. The bulls retreated before the weekend

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

Buyers failed to cope with the resistance of 1.1424 in the first half of the day, which led to the expected downward correction of the euro and, quite likely, to the resumption of the downward trend. In the current situation, it is best to take a closer look at purchases after updating the minimum around 1.1335 or open long positions immediately to the rebound from 1.1296. The main task for the second half of the day will be the return and consolidation above the resistance of 1.1382, which only recently served as a support role. Yet, this will not particularly affect the situation with further sales of EUR / USD.

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

The bears coped with the morning task and broke through below the support of 1.1382, which will allow them to resume the downward trend in the euro. The main goal for the second half of the day will be to update the minimum of 1.1334, where today I recommend fixing the profit. In the event of a breakthrough in this area of support, we can expect further decline of EUR / USD in the area of 1.1296. In the case of the euro growth scenario, you can count on short positions from resistance 1.1382.

Indicator signals:

Moving averages

Trade has moved below the 30-day and 50-day averages, indicating a resumption of the euro decline.

Bollinger bands

Bollinger Bands indicator volatility is very low which does not give signals on market entry.

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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

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