empty
04.09.2019 12:26 AM
EUR/USD. September 3rd. Results of the day. ISM business activity index gave the euro a little rest from its fall

4-hour timeframe

This image is no longer relevant

Amplitude of the last 5 days (high-low): 30p - 25p - 51p - 98p - 39p.

Average volatility over the past 5 days: 49p (average).

The EUR/USD currency pair began to adjust during the US trading session on the second trading day of the week on September 3. The beginning of the correction completely coincided with the publication of business activity indices in the manufacturing sector of America, each of which could be better than it turned out in the end. The less significant Markit index even exceeded the forecast value and left the "red zone" below 50.0, amounting to 50.3 in August. But, unfortunately, the more important ISM index turned out to be much worse than the expectations of traders and fell into the "red zone", which indicates a decline, reaching 49.1 with a forecast of 51.0. It was the ISM index that disappointed the bears, who began to simply reduce their dollar position, which led to a slight strengthening of the euro. At the moment, the euro has managed to rise in price by 30 points, which is very little compared to the losses that the EU currency suffered only in recent days. More interesting news from the United States and the European Union has not been received today. Speech by Christine Lagarde to the EU Committee on Economic and Monetary Affairs will take place on September 4, and not today, as previously reported.

Since the European currency, with a grief in half, has begun an upward correction, I propose to reflect on the prospects for this correction. To do this, we will have to pay attention to the calendar of macroeconomic events for the next two to three days. As it turns out, there is plenty of news this week. Here are the total values of business activity indices in the service sector and composite indices for the EU and the US, retail sales in the European Union, a speech by Christine Lagarde, a report on the level of employment in the private sector, ADP, EU GDP for the second quarter, NonFarm Payrolls, changes in wages and unemployment in America, as well as a performance by Jerome Powell. Thus, if all this package of macroeconomic statistics and the speeches of the first EU and the US will not be in favor of a single currency, then this week traders can very often change their direction of trade, which can cause multidirectional movements. Multidirectional movements will remove the phrase "only sell" from the mood of traders and could contribute to the euro currency's further restoration. Although in a longer term than three days perspective, the euro's position remains unenviable due to the ECB's plans for a large-scale easing of monetary policy and a whole bunch of stimulus measures that Mario Draghi and later Christine Lagarde want to apply. However, this week we can still expect the euro to recover.

From a technical point of view, the euro/dollar pair has a corrective goal – the Kijun-sen line. Further recovery will depend on the ability and strength of the bulls to overcome the critical line.

Trading recommendations:

EUR/USD started the long-awaited correction. Thus, it is recommended to wait for the correction to be completed, for example, the rebound from the Kijun-sen line, and the resumption of sales of euro while aiming for 1,0912, not forgetting the fundamental background that may interfere with this week unconditional strengthening of the euro.

In addition to the technical picture, fundamental data and the time of their release should also be considered.

Explanation of the illustration:

Ichimoku indicator:

Tenkan-sen is the red line.

Kijun-sen is the blue line.

Senkou Span A - light brown dotted line.

Senkou Span B - light purple dashed line.

Chikou Span - green line.

Bollinger Bands Indicator:

3 yellow lines.

MACD indicator:

Red line and bar graph with white bars in the indicator window.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Stanislav Polyanskiy
Start trade
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。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

2023年11月30日黃金的雲柱指標分析。

黃金價格正在2,034美元左右交易。根據日線圖上的一目均衡雲指標,短期趨勢仍然看漲。

Alexandros Yfantis 21:52 2023-11-30 UTC+2

2023年11月29日EURUSD的Ichimoku云指标分析。

EURUSD交易在1.0980附近。從一目均衡表的角度來看,趨勢仍然看漲。

Alexandros Yfantis 13:33 2023-11-29 UTC+2

2023年11月28日對EURUSD的Ichimoku雲指標進行分析。

EURUSD目前交易在1.0950附近。从4小时图的云图角度来看,趋势仍然看涨,因为价格继续保持在云(Kumo)之上。

Alexandros Yfantis 14:41 2023-11-28 UTC+2

2023年11月28日的美日兩國之間進行了美國日本的雲指標分析。

USDJPY交易價位在148.43附近。根據一目均衡雲指標,目前的趨勢是中性的,因為價格已進入日線均衡雲(雲層)。

Alexandros Yfantis 14:37 2023-11-28 UTC+2

2023年11月27日黃金的一目均衡表指標分析。

金價目前交易於$2,010以上,相對於十月高點創造新的高點。以一目均衡表策略来看,趨勢仍然看多。

Alexandros Yfantis 14:57 2023-11-27 UTC+2

2023年11月27日對EURUSD的一個均衡雲指標分析。

EURUSD正在1.0950左右交易。在4小时图表上,价格交易在一敏云层之上(看涨)。

Alexandros Yfantis 14:53 2023-11-27 UTC+2

2023年11月27日對USDJPY進行的雲圖指標分析。

USDJPY目前交投於148.80左右。今日價格非常接近進入Kumo(雲)並將趨勢由看漲轉為中性。

Alexandros Yfantis 14:49 2023-11-27 UTC+2

2023年11月24日,黃金的雲指標一目平衡表分析。

黃金價格再次交易在2,000美元上下。短期趨勢仍然看漲,因為價格仍在Kumo(雲層)支撐位上方。

Alexandros Yfantis 16:27 2023-11-24 UTC+2

2023年11月24日,对EURUSD进行Ichimoku云指标分析。

EURUSD 正在1.0936左右交易。根据一目均衡表的术语,趋势在近期仍然看涨,因为价格继续在云层(Kumo)上交易。

Alexandros Yfantis 16:24 2023-11-24 UTC+2

2023年11月23日,对USDJPY进行的一种云图指标分析。

USDJPY正在149.62附近交易。價格回撤至每日雲(Kumo)並找到支撐。

Alexandros Yfantis 16:21 2023-11-23 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
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.