Trading plan for the European session July 9 EUR / USD

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

Buyers today will be aimed in the first half of the day to update the resistance level 1.1785, the consolidation at which opens new highs in the areas 1.1818 and 1.1849, where I recommend fixing profits. In the case of a decline in the euro in the morning, a good support area will be the range of 1.1736.

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

The formation of a false breakout at 1.1785 will be the first signal for euro sales with a view to lowering to the middle of the channel 1.1765 and updating the lower limit of 1.1736, where I recommend fixing the profit. If the euro rises above 1.1785 in the morning, it is possible to sell for a rebound from resistance at 1.1818.


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 -