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28.02.201801:21 Forex Analysis & Reviews: Trading plan for the US session on February 27 EUR / USD

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR / USD

To open long positions for EURUSD, you need:

The situation has not changed in comparison with the morning forecast. While the trade is above the level of 1.2316, there remains a chance for euro buyers to grow further. A break at the upper border of the channel in the region of 1.2354 and a consolidation at this level will be an additional signal to increase long positions in the EUR / USD pair with the update to new highs around the level of 1.2404 and 1.2468, where it is recommended to lock in profits. If the euro falls below the level of 1.2316, buying is best on a false breakout near the level of 1.2282 or on a rebound from 1.2240.

To open short positions for EURUSD, you need:

The bears began selling without forming a false breakout from the level of 1.2354 and are now aimed at supporting the level of 1.2316. Fixing below this range will lead to larger sales with an update to the level of 1.2282 and an exit at the level of 1.2240, where it is recommended to lock in profits. In case of growth above the level of 1.2354 in the afternoon, the best way to sell the EUR / USD pair is to return to a rebound from 1.2404.

Exchange Rates 28.02.2018 analysis

Indicator description:

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Miroslaw Bawulski
Analytical expert of InstaForex
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