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 November 13. Downward movement may slow down

To open long positions for EURUSD, it is required:

Euro buyers managed to stop the market decline yesterday only in the support area of 1.1215, from which they are now trying to build an upward correction. The main task in the first half of the day will be a break above the resistance of 1.1255, which can be formed after the release of a good report on inflation in Germany. In this scenario, the bullish market will be able to maintain momentum until the resistance of 1.1282 is updated, where I recommend to take profit. In the event of another wave of decline in the EUR/USD, bulls can expect the formation of a false breakthrough in the area of the low of 1.1215. Otherwise, it is better to open long positions by rebounding from 1.1180 and 1.1149.

To open short positions for EURUSD, it is required:

If the data for Germany is worse than economists' forecasts, the pressure on the euro may increase. An unsuccessful consolidation above the resistance level of 1.1255 will be a signal to open short positions in the euro in order to re-reduce this month's low of 1.1215 and its breakdown, which will sharply pull down the EUR/USD in the areas of 1.1180 and 1.1149, where I recommend to lock in the profit. In case the euro increases in the first half of the day above the resistance of 1.1255, short positions can be returned after an unsuccessful consolidation above the resistance of 1.1282 or a rebound from the high of 1.1322.

Indicator signals:

Moving averages

Trading is below the 30-day and 50-day average, indicating a continued decline in the euro. The 30-day and 50-day average today will act as resistance.

Bollinger Bands

The lower limit of the Bollinger Bands indicator, located around 1.1215, may limit the downward potential in the euro. The upper limit at 1.1280 will limit the bullish correction.

c0FgwrohQ1_nPjcQq4QOe8Cgaxarx1IVS_NKxafC

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 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