Trading plan for the European session of EUR / USD pair on July 2

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

It is best returning to long positions in the euro after re-testing and fastening at the resistance level of 1.1662, which will lead to a new weekly maximum in the area of 1.1718, where fixing profits are recommended. A false breakdown and a return to the support level of 1.1615 will also be a good signal to euro purchases. Otherwise, you can buy on a rebound from 1.1571.

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

The next generation of a false breakout and a return to the level of 1.1662 will be the first signal for euro sales with an aim of testing the support level of 1.1615. Consolidation below of which will lead to a larger sale of EUR / USD to the area of 1.1571. If the euro rises above 1.1662 in the first half of the day, you can sell for a rebound from the resistance of 1.1718.

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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 - www.instaforex.com