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[QUOTE="Antony_NPBFX, post: 138856, member: 38727"] [size=4][b]EUR/USD: the pair is growing 13.11.2017[/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url] offers the latest release of analytics on the EUR/USD for a better understanding of the current market situation and more efficient trading. [b]Current trend[/b] Euro is trading in both directions against US dollar during today’s morning session consolidating near local maximums updated at the end of the previous week. The instrument is still supported by quite weak positions of the US currency that remains without support from macroeconomic statistics. Last Friday investors were disappointed by the reduction of consumer confidence index by the University of Michigan in November from 100.7 to 97.8 points (while the analysts expected no changes). Moderate growth of USD is supported by resumed growth of returns on US bonds. By the end of the Friday trading session the return on 10-year-old securities reached the level of 2.400% which is a maximum since the beginning of the month. Today traders will focus their attention on the monthly report on the state of the US budget in October that is due at 21:00 (GMT+2). The report is expected to show rapid growth of budget deficiency to $50 bln. [b]Support and resistance[/b] Bollinger Bands in D1 chart show reduction. The price range is narrowing. MACD indicator is growing preserving a quite stable buy signal (the histogram is above the signal line). Stochastic also preserves upward direction but is approaching the level of 80. Resistance levels: 1.1659, 1.1688, 1.1730, 1.1755. Support levels: 1.1622, 1.1572, 1.1552, 1.1500. [img]http://businesspr-finance.com/wp-content/uploads/2017/11/3-1.jpg[/img] [img]http://businesspr-finance.com/wp-content/uploads/2017/11/4-1.jpg[/img] [b]Trading tips[/b] Long positions may be opened after breaking through the levels of 1.1659 or 1.1688 with targets at 1.1755, 1.1800 and stop-loss at 1.1620. The period of implementation is 2-3 days. Breaking down the level of 1.1622 may be a signal for corrective sales with targets at 1.1572 or 1.1550 and stop-loss at 1.1665. The period of implementation is 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: E-book[/b] If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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