Forex Analysis & Reviews: 27.07.2020 - EUR/USD: plan for the...

27.07.2020 08:26 AM

EUR/USD: plan for the European session on July 27 (analysis of yesterday's trade). Bulls continue to buy up the euro. Aiming for new high of 1.1718

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

The sharp rise in gold led to rush purchases of the European currency today in the Asian session. Last Friday, traders were pleased with fairly good data on manufacturing activity and reports on the service sector of the eurozone and the United States, which kept euro buyers optimistic. If you look at the 5-minute chart and remember my Friday forecast, you will see how a false breakout forming at 1.1591 became a great entry point into long positions, which brought more than 50 points of profit by the end of the day. At the moment, with purchases at highs, you need to be extremely careful, since we do not know what the Asian growth will result in in the future. To open long positions, it is best to wait for a downward correction to the area of intermediate support of 1.1682 and the release of data from the German IFO Institute. Good indicators on the confidence and optimism indicator will return demand for the euro, and forming a false breakout in the area of 1.1682 will be an additional signal to open long positions. If there is no activity at this level, I advise you to postpone purchases until the test of the low of 1.1640 immediately on the rebound, counting on a correction of 30-35 points within the day. An equally important task for the bulls is to break through and consolidate above the resistance of 1.1718, which will lead to a new wave of euro growth in the area of the high of 1.1750 and 1.1802, where I recommend taking profits.

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

For the time being, sellers have to wait for the large bull market to stop and reversal signals to form for the trend to end. Selling at current highs against the trend is not a good idea. Forming a false breakout in the resistance area of 1.1718 after an unsuccessful attempt by the bulls to gain a foothold above this level closer to the middle of the day will signal the opening of short positions. The main goal of the bears is to return EUR/USD to the support level of 1.1682, consolidating under it will be an additional sell signal, which will push the pair to the 1.1640 area, where I recommend taking profits. If sellers do not become active in the 1.1718 area, and the data on Germany indicates increased optimism and expectations, then it is best to consider selling the euro when reaching new local highs in the area of 1.1750, or sell immediately for a rebound from the resistance of 1.1802 based on a correction of 30-40 points within the day.

Moving averages

Trading above 30 and 50 moving averages indicates the likelihood of a further bull market.

Note: The period and prices of moving averages are considered by the author on the H1 hourly chart and differs from the general definition of the classic daily moving averages on the daily D1 chart.

Bollinger Bands

In the event of a decline, support will be provided by the average border of the indicator at 1.1640. You can buy the euro immediately on a rebound from the lower border in the area of 1.1580.

Description of indicators

Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 50. It is marked in yellow on the chart.
Moving average (moving average, determines the current trend by smoothing out volatility and noise). Period 30. It is marked in green on the chart.
The MACD indicator (Moving Average Convergence/Divergence — convergence/divergence of moving averages)is a fast EMA period of 12. Slow EMA period 26. SMA period 9U
Bollinger Bands. 20y period
Non-commercial speculative traders, such as individual traders, hedge funds, and large institutions that use the futures market for speculative purposes and meet certain requirements.
Long non-commercial positions represent the total long open position of non-commercial traders.
Short non-commercial positions represent the total short open position of non-commercial traders.
The total non-commercial net position is the difference between short and long positions of non-commercial traders.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Trading plan

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

如何在4月8日交易GBP/USD貨幣對？初學者簡單提示和交易分析

如何在4月8日交易歐元/美元貨幣對？初學者的簡單提示和交易分析

4月8日英鎊/美元交易建議與分析：英鎊持續下跌

2023年4月8日EUR/USD交易建議與分析：風暴持續

GBP/USD：4月7日美國交易時段的交易計劃（早盤交易回顧）

EUR/USD：4月7日美國交易時段計劃（早盤交易回顧）

2023年4月7日如何交易GBP/USD貨幣對？新手簡單提示和交易分析

如何在4月7日交易EUR/USD貨幣對？給初學者的簡單提示和交易分析

2023年4月7日英鎊/美元交易建議與分析：英鎊如紙牌屋般崩潰

2023年4月7日，EUR/USD交易建議及分析：美元狀況未有改善

Top analytics