Trading plan for the European session on May 14 for the EUR/USD
May 14, 2018 11:22 pm
To open long positions on EURUSD, it is required:
It is possible to expect the continuation of the euro’s growth after the break and consolidation above the resistance level 1.1975, which will open the way for new highs in the area of 1.2019 and 1.2102, where it is recommended fixing profits. In case of a decline in the euro in the morning, one can look for long positions after a false breakout at 1.1935 or a rebound from 1.1894.
To open short positions on EURUSD, it is required:
Failure to consolidate and return to the level of 1.1975 will be a good signal for the opening of new short positions in the euro with a downgrade and support level test of 1.1935, the breakthrough of which will lead to a more dense sale of the euro with the renewal of the area 1.1894, where it is recommended to lock in profits. In case of growth above 1.1975, selling can be resumed on a rebound from 1.2019.
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 on EURUSD, it is required:
It is possible to expect the continuation of the euro’s growth after the break and consolidation above the resistance level 1.1975, which will open the way for new highs in the area of 1.2019 and 1.2102, where it is recommended fixing profits. In case of a decline in the euro in the morning, one can look for long positions after a false breakout at 1.1935 or a rebound from 1.1894.
To open short positions on EURUSD, it is required:
Failure to consolidate and return to the level of 1.1975 will be a good signal for the opening of new short positions in the euro with a downgrade and support level test of 1.1935, the breakthrough of which will lead to a more dense sale of the euro with the renewal of the area 1.1894, where it is recommended to lock in profits. In case of growth above 1.1975, selling can be resumed on a rebound from 1.2019.
Description of indicators
The material has been provided by InstaForex Company – www.instaforex.com
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