Trading plan for the European session on June 5 EUR / USD
June 5, 2018 8:22 am
To open long positions for EURUSD, you need:
Buying the euro in the first half of the day is best on the support levels of 1.1680 and 1.1653 after a false breakdown. Otherwise, opening long positions is best on a rebound from 1.1620. The main goal of the euro buyers will be a return to the resistance levels of 1.1710 with the update of yesterday’s high at 1.1745, where it is recommend to lock in profits.
To open short positions for EURUSD, you need:
The unsuccessful consolidation above the level of 1.1710 with a return to it will be the first signal for the opening of short positions in the euro with the main goal of reducing to the support level of 1.1680 and updating to the area of 1.1653, where the pressure on the pair will increase even more. This will lead to the exit to the area of a large support level of 1.1620, where it is recommended to lock in profits. In the case of growth above the level of 1.1710 in the morning, selling is best from levels of 1.1745 and 1.1788.
Description of indicators
MA (moving average) 50 days – yellow
MA (moving average) 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
To open long positions for EURUSD, you need:
Buying the euro in the first half of the day is best on the support levels of 1.1680 and 1.1653 after a false breakdown. Otherwise, opening long positions is best on a rebound from 1.1620. The main goal of the euro buyers will be a return to the resistance levels of 1.1710 with the update of yesterday’s high at 1.1745, where it is recommend to lock in profits.
To open short positions for EURUSD, you need:
The unsuccessful consolidation above the level of 1.1710 with a return to it will be the first signal for the opening of short positions in the euro with the main goal of reducing to the support level of 1.1680 and updating to the area of 1.1653, where the pressure on the pair will increase even more. This will lead to the exit to the area of a large support level of 1.1620, where it is recommended to lock in profits. In the case of growth above the level of 1.1710 in the morning, selling is best from levels of 1.1745 and 1.1788.
Description of indicators
MA (moving average) 50 days – yellow
MA (moving average) 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
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