Trading plan for the US session of EUR / USD pair on July 27

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

There is no demand for the major euro pair at 1.1630, which indicates the possible formation of a downtrend. It is best to consider buying the pair in the afternoon after returning to the resistance level of 1.1630 for the purpose of recovery in the area of 1.1655. In the event of a further decline, the euro can be bought on a rebound from 1.1603 and 1.1577.

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

The GDP data from US may lead to a further decline of the euro. A break and consolidation below the level of 1.1630 will be an additional signal for the opening of short positions in order to reduce to the area lows of 1.1603 and 1.1577, where fixing profits are recommended. In the case of growth in the afternoon, sales can again be sought on a false breakout from 1.1655.

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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
  • Bollinger Bands 20
The material has been provided by InstaForex Company - www.instaforex.com