empty
20.11.2024 02:47 PM
Trading Signals for EUR/USD for November 20-22, 2024: buy above 1.0535 (3/8 Murray - 21 SMA)

This image is no longer relevant

Early in the American session, the euro was trading around 1.0555 below the 21 SMA located at 1.0569, consolidating around this area between 1.05 and 1.06.

If the euro continues its decline and consolidates below 1.0570 in the next hours, the outlook could remain negative. Thus, we could expect EUR/USD to reach the psychological level of 1.05.

On the contrary, if the euro returns above 1.0570, we could see this as an opportunity to resume buying. The price could reach 1.0620, 1.0742 and finally, the 200 EMA around 1.0776.

On the H4 chart, we can see the euro within the uptrend channel. Therefore, if the price respects this pattern, our trading plan could be to buy around 1.0535 and sell when EUR/USD reaches the top of the uptrend channel as seen on the chart.

In the coming days, the euro could be trading within a range. Hence, we will look for opportunities to buy and sell between 2/8 Murray and 3/8 Murray.

Dimitrios Zappas,
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

Trading Signals for BITCOIN (BTC/USD) for February 18-20, 2025: buy above $ 95,000 (21 SMA - 200 EMA)

On the H1 chart, Bitcoin is trading around $95,000 above the 21 SMA and below the 200 EMA within a bearish trend channel forming since February 14. If Bitcoin breaks

Dimitrios Zappas 15:26 2025-02-18 UTC+2

Trading Signals for GOLD (XAU/USD) for February 18-20, 2025: buy above $2,905 (21 SMA - 6/8 Murray)

Market volatility will remain high over the next few days as a strong technical correction will occur above the psychological level of 2,900. Therefore, we must be alert to this

Dimitrios Zappas 15:25 2025-02-18 UTC+2

Trading Signals for EUR/USD for February 18-20, 2025: sell below 1.0470 (21 SMA - 5/8 Murray)

We should pay attention to the level of 1.0470. Once the price settles below, the outlook will continue to be negative and could be seen as a signal to sell

Dimitrios Zappas 15:21 2025-02-18 UTC+2

Forecast for EUR/USD on February 18, 2025

On Monday, the EUR/USD pair reversed in favor of the U.S. dollar, declining to the 76.4% Fibonacci retracement level at 1.0458. A confirmed rebound from this level could support

Samir Klishi 11:32 2025-02-18 UTC+2

Forecast for GBP/USD on February 18, 2025

On the hourly chart, the GBP/USD pair retraced to the 1.2611–1.2620 resistance zone on Monday but once again failed to close above it. A confirmed rebound from this zone will

Samir Klishi 11:28 2025-02-18 UTC+2

Forex forecast 18/02/2025: GBP/USD, AUD/USD, NZD/USD and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 09:50 2025-02-18 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Tuesday February 18, 2025.

On the 4-hour chart, the main currency pair EUR/USD appears to have a Divergence between the Fiber price movement and the MACD Histogram indicator (12,26,9). This confirms that

Arief Makmur 07:17 2025-02-18 UTC+2

Technical Analysis of Intraday Price Movement of XPD/USD Commodity Instrument, Tuesday February 18, 2025.

With the condition of the Stochastic Oscillator indicator which is still Crossing SELL and also confirmed by the movement of the XPD / USD price below EMA 21 which indicates

Arief Makmur 07:17 2025-02-18 UTC+2

USD/JPY Forecast for February 18, 2025

The USD/JPY currency pair has reached a support level at 151.30 and is starting to reverse upward from this point. The Marlin oscillator indicates a bullish trend, showing signs

Laurie Bailey 04:46 2025-02-18 UTC+2

GBP/USD Forecast for February 18, 2025

The British pound has corrected by 38.2% of the entire movement since August 26 of last year, reaching the target level of 1.2616. The daily Marlin oscillator is declining

Laurie Bailey 04:46 2025-02-18 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.