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27.02.201802:57 Forex Analysis & Reviews: Trading plan for the US session on February 26 EUR/USD

Long-term review

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EUR/USD

To open long positions for EURUSD, it is required:

A break and consolidation above 1.2370 could keep the bullish momentum in euros, which will lead to the renewal of a resistance of 1.2410 and 1.2458. In case the euro declines in the afternoon, you can consider new long positions after updating the support at 1.2319 or on a rebound from 1.2284.

To open short positions for EURUSD, it is required:

The formation of a false breakout and a return to it will be the first signal to sell euros to the support area of 1.2319, and the main goal of sellers will be to update the daily lows in the area of 1.2319. In the event of EUR/USD growth above 1.2370, you can sell immediately for a rebound from 1.2410.

Indicator description

Moving Average (average sliding) 50 days - yellow
Moving Average (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20

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