Trading plan for the European session on June 27 EUR / USD

analytics5b33204c936ab.pngTo open long positions for EUR / USD, you need:

The buyers today have several scenarios. The first is to return to resistance level 1.1674, the anchorage on which will lead to a larger upward wave with the update of the weekly maximum near 1.1724. If the pressure on the euro continues in the morning, the second option will consist of a false breakdown of support 1.1620. Otherwise, buying the euro is best for a rebound from 1.1578.

To open short positions for EUR / USD, you need:

The formation of a false breakout and a return to the level of 1.1674 will be the first signal to sell the euro for the purpose of breakdown and consolidation below support 1.1620, from which a larger sale of EUR / USD will lead to new lows in the area of 1.1578 and 1.1533, where I recommend fixing the profits. In the case of growth above 1.1674 in the first half of the day, you can sell the euro on a rebound from 1.1724.

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 -