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01.03.201817:06 Forex Analysis & Reviews: Trading plan for the US session on March 1 EUR / USD

Long-term review

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EUR / USD

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

The situation did not change in comparison with the morning forecast. Counting on a serious return of euro buyers can only be after consolidating above the level of 1.2213, which will lead to a larger upward correction to the area of 1.2254 and may even affect the area of 1.2297, where I recommend fixing the profits. Also, purchases in the second half of the day can be searched after the formation of a false breakdown at 1.2171 or immediately on a rebound from 1.2127.

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

Breaking and consolidating below the level of 1.2171 will lead to bigger sales of the euro with the update of new lows around 1.2127 and 1.2088, where I recommend fixing the profits. In the event of an unsuccessful breakdown of 1.2171, it is best to expect short positions after updating to 1.2213 or to sell EUR / USD immediately for a rebound from 1.2254.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

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