empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
16.04.2020 02:33 PM
EUR/USD: plan for the US session on April 16. The euro was not allowed below this week's lows. Bears are counting on a breakout of 1.0857
Open trading account Open demo account

To open long positions on EURUSD, you need:

German inflation data coincided with economists' expectations, which limited pressure on the euro. In my morning forecast, I recommended opening short positions after forming a false breakout in the resistance area of 1.0905, which happened, but there was no larger sale of the European currency. The final result is +50 points, which is clearly visible on the 5-minute chart. The bulls managed to hold the pair above the lows of this week, forming the support of 1.0857, on which the further direction depends. However, it will be possible to talk about the resumption of the upward trend only after fixing above the range of 1.0905, which will lead to a larger increase in the euro/dollar pair to the area of the maximum of 1.0965, where I recommend fixing the profits. Weak data on the US labor market may increase pressure on the euro. Therefore, it is best to expect purchases in the scenario of a decline from the minimum of 1.0814, or even lower, from the support of 1.0770, where larger players will show themselves.

This image is no longer relevant

To open short positions on EURUSD, you need:

Sellers need to re-form a false breakout at the level of 1.0905 since only this scenario will lead to another movement of the euro/dollar pair in the area of the month's lows to the support of 1.0857 and to its breakdown. Poor data on the US labor market will allow bears to break below 1.0857, which will open a direct path to the area of 1.0814, and then to the April minimum - 1.0770, where I recommend fixing the profits. If the bulls are more persistent, then after breaking through the resistance of 1.0905, I advise you to consider new short positions only after updating the area of 1.0965, counting on a downward correction of 30-40 points within the day.

This image is no longer relevant

Signals of indicators:

Moving averages

Trading is conducted below the 30 and 50 daily moving averages, which indicates the advantage of sellers.

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

Bollinger Bands

In the case of an upward correction of the euro in the second half of the day, short positions can be returned to the rebound from the upper border of the indicator in the area of 1.0925. A break of the lower border in the area of 1.0857 will return pressure on the European currency.

Description of indicators

  • Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 50. The graph is marked in yellow.
  • Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 30. The graph is marked in green.
  • MACD indicator (Moving Average Convergence / Divergence - moving average convergence / divergence) Fast EMA period 12. Slow EMA period 26. SMA period 9
  • Bollinger Bands (Bollinger Bands). Period 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
All Analytics
Analytical News
Markets in turmoil: Dow plunges, gold surges, Trump adds tension US stock indexes closed lower on Monday, after a session full of sharp swings. Investors are wary of signs of an economic slowdown and a surge in inflation risks, exacerbated
Thomas Frank
08:39 2025-04-08 +02:00
1015
Forecast
Intraday Strategies for Beginner Traders on April 8 The euro held its ground more or less, while the pound fared significantly worse. A break below the daily low triggered a new, more extensive sell-off in GBP/USD, effectively establishing
Miroslaw Bawulski
08:15 2025-04-08 +02:00
1015
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Pair on April 8? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD The GBP/USD pair experienced a significant decline on Monday. It's difficult to understand why the pound, which had been steadily rising against
Paolo Greco 07:35 2025-04-08 UTC+2

How to Trade the EUR/USD Pair on April 8? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD On Monday, the EUR/USD currency pair continued swinging wildly back and forth. What's happening across all markets now can be described
Paolo Greco 07:35 2025-04-08 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 8: The Pound Continues to Fall

The GBP/USD currency pair continued its downward movement on Monday. Explaining this is extremely difficult, even in hindsight—especially since the euro experienced growth on the same
Paolo Greco 03:47 2025-04-08 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 8: The Storm Continues

The EUR/USD currency pair continued to swing wildly back and forth. Neither currency has shown clear growth, but it's important to understand that the markets are currently in chaos. Trying
Paolo Greco 03:47 2025-04-08 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 7th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.2891 and planned to base entry decisions on it. Let's look at the 5-minute chart and see what happened. A drop
Miroslaw Bawulski 19:02 2025-04-07 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 7th (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.1017 and planned to base entry decisions on it. Let's look at the 5-minute chart and see what happened. A rise
Miroslaw Bawulski 18:59 2025-04-07 UTC+2

How to Trade the GBP/USD Pair on April 7? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair showed a sharp decline on Friday, which is extremely difficult to explain—even in hindsight. Yes, the British pound
Paolo Greco 06:57 2025-04-07 UTC+2

How to Trade the EUR/USD Pair on April 7? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD The EUR/USD currency pair remained in stormy conditions on Friday. This time, a downward movement prevailed—but that didn't make things any easier
Paolo Greco 06:57 2025-04-07 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 7: The Pound Collapsed Like a House of Cards

The GBP/USD currency pair fell by "only" 200 pips on Friday, which was hardly expected. Yes, the number of NonFarm Payrolls exceeded forecasts, and Jerome Powell once again reaffirmed
Paolo Greco 03:23 2025-04-07 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 7: Nothing Is Improving for the Dollar

The EUR/USD currency pair began a sharp pullback on Friday after a strong rally on Wednesday evening and Thursday. There are different ways to interpret this decline, but we want
Paolo Greco 03:23 2025-04-07 UTC+2

Top analytics

Relevance up to 22:00 2025-04-08 UTC--4
Forecast for EUR/USD – April 8, 2025
05:03 2025-04-08
Technical analysis
Relevance up to 20:00 2025-04-08 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 8: The Storm Continues
03:47 2025-04-08
Trading plan
Relevance up to 22:00 2025-04-08 UTC--4
Forecast for GBP/USD – April 8, 2025
05:03 2025-04-08
Technical analysis
Relevance up to 20:00 2025-04-08 UTC--4
Trading Recommendations and Analysis for GBP/USD on April 8: The Pound Continues to Fall
03:47 2025-04-08
Trading plan
Relevance up to 20:00 2025-04-08 UTC--4
GBP/USD Overview. April 8. Now It's the Pound Plunging into the Abyss
06:07 2025-04-08
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.