Trading plan for the US session on May 8 EUR/USD
May 9, 2018 1:21 amVideo
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To open long positions for EURUSD, it is required:
Buyers missed the support level of 1.1874, and now all hope for a larger area of 1.1830 and 1.1792, where you can open long positions in the euro immediately at a rebound. If the trade returns to the level of 1.1874 in the second half of the day, you can also consider buying the EUR/USD in return for and renewal of resistance at 1.1927, where I recommend locking in profits.
To open short positions for EURUSD, it is required:
An impulse and consolidation below the support of 1.1874 allows us to count on a new wave of selling of the European currency with a test of monthly lows in the areas of 1.1830 and 1.1792, where I recommend locking in profits. In case of a return to the resistance level of 1.1874 in the second half of the day, I recommend that you go back to to selling the EUR/USD at the level of 1.1927.
Indicator description
The material has been provided by InstaForex Company – www.instaforex.com
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