24.07.201711:52 Forex Analysis & Reviews: Trading Plan for the European session for EUR / USD and GBP / USD on July 24,

EUR / USD

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

For buyers, the 1.1636 level will be significant to this pair.

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

Sellers will try to counter its increase higher than 1.1669.

GBP / USD

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

Buyers will return to the pair only after a successful second attempt to consolidate on a massive resistance to 1.3014, which opens a possibility for the direct return of the GBP / USD to the levels of 1.3048 and 1.3083 in the short term.

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

Once again, traders will attempt to form a false breakdown at level 1.3014, and a return below this level would signal an increase in short positions for the pound with the purpose of updating 1.2963 and 1.2937. It is recommended to fix profits on this level. In the case of a rally above the 1.3014, its is best to postpone sales until a false breakdown forms at 1.3048 or or sell immediately for a rebound to 1.3083.

Fears 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

To familiarize with the basic concepts and the general rules of the TS is possible here.