empty
 
 
28.02.2019 10:20 AM
Trading recommendations for the EURUSD currency pair - placement of trading orders (February 28)

The currency pair Euro / Dollar for the last trading day showed low volatility with 41 points. However, you still have to pay tribute, the movement was focused on a logical pullback. From the point of view of technical analysis, we see that the previously predicted level of 1.1400 perfectly plays the role of temporary resistance; and a correction towards the recently passed cluster of 1.1370 (1.1320 / 1.1370) began to form in relation to it. The news background continues to focus on Brexit. This time, we have the statement of the British Parliament, which supported the proposal of Prime Minister Theresa May on the need to postpone the withdrawal of the country from the European Union. At the same time, German Chancellor Angela Merkel and French President Emmanuel Macron agree to a postponement of Brexit. "If the UK needs more time, we will not deny her that," - Merkel said. Naturally, this kind of background continued to stimulate the British currency, but the euro did not feel the problem on itself.

This image is no longer relevant

Today, in terms of the economic calendar , we have preliminary data on US GDP for the 4th quarter, where everything is not so good, a decline from 3.4% to 2.6%.

16:30 Moscow time - GDP (q / q) ( 4 q.)

Further development

Analyzing the current trading chart, we see that the pullback led us to the previously passed cluster of 1.1320 / 1.1370, and the upper limit plays a temporary pivot point. It is likely to assume that due to negative statistics on the United States, we can return to the value of 1.1400, but then we need to look further. While there is a hypothesis of bumpy 1.1370 / 1.1400, then we will have to analyze its borders for a breakdown.

This image is no longer relevant

Based on the available data, it is possible to decompose a number of variations, let's consider them:

- We consider to buy positions in case of price fixing above 1.1400 with the prospect of a move towards 1.1440. A more risky approach is considered in terms of short-term progress to 1.1400, based from current values.

We consider selling positions in the case of price fixing below 1.1370 with the prospect of a move to 1.1320.

Indicator Analysis

Analyzing a different sector of timeframes (TF ), we see that in the short, intraday and medium term, there is still an upward interest on the general background of the market. Indicators on smaller TFs changed to ascending order after the support reached near 1.1370.

This image is no longer relevant

Weekly volatility / Measurement of volatility: Month; Quarter; Year

Measurement of volatility reflects the average daily fluctuation , with the calculation for the Month / Quarter / Year.

(February 28, was based on the time of publication of the article)

The current time volatility is 17 points. In the case of turmoil within the boundaries of 1.1370 / 1.1400, the volatility will remain low. However, in case of a breakdown, we are expecting that things will become more interesting.

This image is no longer relevant

Key levels

Zones of resistance: 1.1440; 1.1550; 1.1650 *; 1.1720 **; 1.1850 **; 1.2100

Support areas: 1.1340 *; 1,1300 **; 1.1214 **; 1.1120; 1.1000

* Periodic level

** Range Level

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback