Trading plan for the American session August 8 EUR / USD
August 9, 2018 9:23 amVideo
Latest News
- Analysis of GBP/USD pair on May 31st. The PCE index also works against the dollar May 31, 2024
- USD/JPY: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- Technical Analysis – US 100 stock index might lose more in short-term May 31, 2024
- EUR/USD: Simple trading tips for novice traders on May 31st (US session) May 31, 2024
- GBP/USD: trading plan for the US session on May 31st (analysis of morning deals). The pound was bought in the area of 1.2706 May 31, 2024
- EUR/USD: trading plan for the US session on May 31st (analysis of morning deals). The euro continued to grow May 31, 2024
- EUR/USD. May 31st. The economic data stopped the bears again May 31, 2024
- GBP/USD. May 31st. Bears remain weak and the pound rises alongside euro May 31, 2024
- Weekly Forex Outlook: 31/05/2024 – ECB cut might get eclipsed by BoC surprise and NFP May 31, 2024
- Cryptos consolidate as spot Ether ETF excitement fades – Crypto News May 31, 2024
- Technical Analysis – USDJPY may retest 157.70 May 31, 2024
- June forecast: Dollar index poised for growth May 31, 2024
- Week Ahead – ECB rate cut might get eclipsed by BoC surprise and NFP report May 31, 2024
- Forex forecast 05/31/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 31, 2024
- EUR/USD and GBP/USD: Technical analysis on May 31 May 31, 2024
- Market Comment – US and Eurozone inflation data in focus May 31, 2024
- Technical Analysis – EURGBP stuck around the crucial 0.8500 floor May 31, 2024
- Technical Analysis – USDCAD meets uptrend line again and again May 31, 2024
- Technical Analysis – AUDUSD bullish tendency in doubt May 31, 2024
To open long positions for EUR / USD, you need:
The buyers try to keep the pair above the support level of 1.1585. However, its repeated test can lead to a new wave of sales of euro. In this case, to return to long positions is best to rebound from the support level of 1.1556. In the event of a false breakdown at 1.1585, we can expect a return of demand for the euro and a renewal of the morning resistance around 1.1623, where I recommend fixing the profits.
To open short positions for EUR / USD, you need:
The sellers excellently worked the morning resistance level of 1.1630, which I paid attention to in my review, which led to a quick sell-out to the area of 1.1585. A repeat test of this support will be another signal to the euro sales in order to update a larger level of 1.1556, where I recommend fixing the profits. If the euro rises in the second half of the day, you can sell again for a rebound from 1.1623.
Description of indicators
MA (average sliding) 50 days – yellow
MA (average sliding) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: