EUR / USD and GBP / USD: trading plan for the US session on September 11

EUR / USD

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

Buyers got to the resistance levels in the first half of the day, and then expectedly left the market. Currently, the support is provided by the area of 1.1579, and while the trade is above this level, the demand for the euro will continue, which may lead to the renewal of resistance 1.1611, where I recommend fixing the profits. In the event of a breakdown of the level of 1.1579, it is best to go back to the long positions in EUR / USD from 1.1555 and 1.1529.

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

The sellers excellently worked out the resistance level of 1.1647, which I paid attention to in the morning review, and even managed to return to the area of 1.1611. The repeated test of support 1.1579, which is currently trading, will result in further EUR / USD selling with the update of the lows in areas of 1.1555 and 1.1529, where I recommend fixing the profit. In the case of euro growth in the second half of the day, sales can be returned to a rebound from 1.1611.

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Indicator signals:

The price returned under the 30 day moving average, trading in the side channel.

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

GBP / USD

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

Buyers of the pound reached a large resistance of 1.3079 and quickly left the market, which led to the fixation of profits and the return of GBP / USD to the support level of 1.3024, which puts buyers in uncomfortable conditions. Only a return to the resistance level of 1.3024 will be a new signal to buy pound with the old target in the area of 1.3079, where I recommend fixing the profit. In the event of a further decline in GBP / USD, you can go back to your purchases to rebound from 1.2982 and 1.2946.

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

The sellers excellently worked at the resistance level of 1.3079, which I paid attention to in my morning review. The return to the support level of 1.3024 is a good signal for the opening of short positions in the pound with the main goal of reducing to the area of 1.2982 and 1.2946, where I recommend fixing the profit. In the case of GBP / USD rising in the afternoon, above 1.3024, you can sell again for a rebound from resistance 1.3079.

analytics5b97abb2ead20.png

Indicator signals:

The 30-day moving average is above the 50-day average, the bullish trend is maintained.

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

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