EUR / USD pair: plan for the US session on November 26. Euro buyers are trying to return to the market

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

With the task for the first half of the day, buyers of the European currency successfully coped and reached the level of 1.1377, which I paid attention to in my morning forecast. At the moment, the repeated test of 1.1377 after a slight downward correction may lead to the continuation of the strengthening of EUR / USD with a maximum of 1.1417, where I recommend taking profits. With the euro decline scenario in the second half of the day, long positions can be returned to rebound from the support of 1.1328 against the background of the speech of the European Central Bank President Mario Draghi.

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

The bears made an attempt to sell from the level of 1.1377, to which I paid attention in the morning review, but there was no major downward movement, which indicates the presence of buyers in the market. As long as trade is conducted below 1.1377, pressure on the euro will continue, which leaves hope for a return to morning support of 1.1328. In the case of EUR / USD growth above 1.1377 in the second half of the day, it is best to return to short positions on a rebound from the maximum of 1.1417.

Indicator signals:

Moving averages

Trade averages and 50-day moving averages, which indicates some market uncertainty.

Bollinger bands

If the euro declines in the afternoon, the support will be provided by the average Bollinger Bands indicator around 1.1345. The breakthrough of the upper boundary in the area of 1.1335 will be an additional signal to buy euros.


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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