Trading plan for the European session of EUR / USD pair on July 10

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

In the morning, it's better not to rush into buying the euro. The optimal signal for long positions will be the update of yesterday's lows with a return to the support level of 1.1736 and the main goal of updating this week's high in the area of 1.1789. If the pressure on the euro persists, I recommend that you consider buying after updating the area of 1.1704 or to rebound from 1.1674.

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

The formation of a false breakout at 1.1760 will be the first signal for euro sales with the main goal of breakdown and consolidation below the support level of 1.1736, which will lead to a larger sellout of EUR / USD to the 1.1704 and 1.1674 lows, where fixing profits are recommended. If the euro rises above 1.1760 in the first half of the day, you can sell for a rebound from the resistance of 1.1789.

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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