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 pair: plan for the US session on November 16. Euro buyers run out of steam, and inflation data did not support

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

Eurozone inflation data, which came out in the first half of the day, could not support buyers of the European currency as they completely coincided with economists' forecasts, which led to the closure of long positions and a decline in the euro. At the moment, you can only rely on the formation of a false breakdown around the support of 1.1320, where the 50-day moving average is located. Otherwise, long positions can be opened only on a rebound from the 1.1286 low. The main task of buyers for the second half of the day remains the breakdown and consolidation above the resistance of 1.1352, which will lead to new highs around 1.1381 and 1.1410, where I recommend to fix profits.

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

Another unsuccessful consolidation above the level of 1.1352 led to sales of the European currency, to which I paid attention in my morning review. The main task of the bears in the afternoon is to break down and consolidation below the intermediate support level of 1.1320. A repeated test of which will collapse EUR / USD to a minimum of 1.1286, where I recommend taking profits. In the case of growth above 1.1352, you can count on short positions after updating the maximum of 1.1381 or immediately to the rebound from resistance 1.1410.

Indicator signals:

Moving averages

Trade is conducted in the 30- and 50-day average, which indicates the lateral nature of the market.

Bollinger bands

Repeated test of the lower border of the indicator in the area of 1.1315 may lead to an increase in pressure on the euro.

v1cXqzC5HMoGSurD1_Y__GdDdGvYWC0f8UJhWLR_

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