empty
27.09.2019 07:14 AM
EUR/USD: plan for the European session on September 27. The euro updated annual lows and aims to support the breakdown of 1.0900

To open long positions on EURUSD you need:

Demand for the US dollar remains quite high. Yesterday's data on the growth of the US economy and Fed representatives' statements only put pressure on the EUR/USD pair, which updated annual lows in the region of 1.0900. Currently, an important task for buyers is to keep the euro above the level of 1.0905, and only the formation of a false breakdown there will be the first signal to open long positions in the expectation of a return to resistance at 1.0938, above which a larger upward correction can be expected. The key target of the bulls will be a high of 1.0967, where I recommend taking profits. In the scenario of a further decline in EUR/USD in the morning on a trend below the level of 1.0905, it is best to open long positions by a rebound from a low of 1.0873.

To open short positions on EURUSD you need:

A report on inflation in Italy and data on the indicator of consumer confidence in the eurozone are expected in the morning. Weak statistics will lead to the formation of a false breakdown in the resistance area of 1.0938, which will be the first signal to open new short positions in order to break through and consolidate below the level of 1.0905, which will provide an influx of new euro sellers. The main task of the bears will be a test of lows in the areas of 1.0873 and 1.0840, where I recommend taking profits. In the scenario of buyers returning to the market and rising above resistance at 1.0938 in the morning, it is best to return to short positions by a rebound from the high of 1.0967, however even this will not lead to a break in the current downward trend.

Signals of indicators:

Moving averages

Trading is conducted below 30 and 50 moving averages, which indicates a bearish nature of the market.

Bollinger bands

In the event of EUR/USD decline in the morning, a break of the lower boundary of the indicator in the region of 1.0905 will increase pressure on the euro. Growth will be limited by the upper level at 1.0960.

This image is no longer relevant

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
Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on March 28th (Review of Morning Trades)

In my morning forecast, I focused on the level of 1.2964 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and break down

Miroslaw Bawulski 18:54 2025-03-28 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 28th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.0801 and planned to base my market entries on it. Let's look at the 5-minute chart to see what happened

Miroslaw Bawulski 18:52 2025-03-28 UTC+2

How to Trade the GBP/USD Pair on March 28? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD On Thursday, the GBP/USD pair also traded higher—and quite strongly. Despite the release of a reasonably solid Q4 GDP report

Paolo Greco 06:05 2025-03-28 UTC+2

How to Trade the EUR/USD Pair on March 28? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD The EUR/USD currency pair rose to the 1.0804 level on Thursday. Naturally, such an unexpected and relatively strong rise in the euro

Paolo Greco 06:05 2025-03-28 UTC+2

Trading Recommendations and Analysis for GBP/USD on March 28: The Pound Keeps Swinging

The GBP/USD currency pair showed a powerful upward movement on Thursday. Naturally, the catalyst was once again Donald Trump, who imposed new 25% tariffs on all automobile imports

Paolo Greco 02:47 2025-03-28 UTC+2

Trading Recommendations and Analysis for EUR/USD on March 28: Trump's Tariffs and GDP

On Thursday, the EUR/USD currency pair surged sharply without breaking the prevailing downtrend of recent days. Valid reasons contributed to the dollar's decline after Donald Trump announced new tariffs

Paolo Greco 02:47 2025-03-28 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 27th (Review of Morning Trades)

In my morning forecast, I focused on the 1.2916 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and see what happened

Miroslaw Bawulski 17:56 2025-03-27 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 27th (Review of Morning Trades)

In my morning forecast, I focused on the 1.0769 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and see what

Miroslaw Bawulski 17:53 2025-03-27 UTC+2

How to Trade the GBP/USD Pair on March 27? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of GBP/USD On Wednesday, the GBP/USD pair showed a downward movement that finally aligned with the macroeconomic backdrop. During the day, traders were interested

Paolo Greco 05:42 2025-03-27 UTC+2

How to Trade the EUR/USD Pair on March 27? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair continued its sluggish decline. The euro's depreciation is quite logical, although traders continue to ignore

Paolo Greco 05:42 2025-03-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.