You are here: Home > articles > Forex > Trading plan for the European session on August 29 EUR / USD
Trading plan for the European session on August 29 EUR / USD
August 29, 2018 2:21 pmVideo
Latest News
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
To open long positions for EUR / USD, you need:
Yesterday, the buyers failed to keep the resistance level of 1.1696, and today, all attention is again concentrated on this area. Only its repeated breakthrough could lead to an upward trend in the euro in the expectation of renewing the area of 1.1721, which will open new local highs of 1.1765 and 1.1792, where I recommend fixing the profits. In the case of a decline in EUR / USD in the morning, I recommend buying only a rebound from 1.1625 and support of 1.1584.
To open short positions for EUR / USD, you need:
Bears yesterday returned the pair to the level of 1.1696, and while the trade is below this range, the pressure on the euro will continue. The repeated test of support 1.1666 will lead to a new wave of sales of EUR / USD in the area of 1.1625 and 1.1584, where I recommend fixing the profits. In the case of growth above 1.1696 in the morning, sales can be seen on the rebound of 1.1721 or 1.1765.
Description of indicators
MA (average sliding) 50 days – yellow
MA (average sliding) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: