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06.03.201801:39 Forex Analysis & Reviews: Trading plan for the US session on March 5 EUR / USD

Long-term review

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EUR / USD

To open long positions on the EURUSD, you need:

Trading is in the middle of the channel and making new purchases of the euro is best after a renewal of the morning support level of 1.2267 or after the consolidation at the intermediate resistance level of 1.2308. This opens the possibility for growth to a larger area of 1.2346, where it is recommended to lock in profits. In case of a breakthrough at the level of 1.2267, you can buy EUR / USD immediately on a rebound from 1.2227.

To open short positions on the EURUSD, you need:

While the trade is below the level of 1.2308, it is possible that the euro will fall to the support area of 1.2267 and its breakthrough. This will lead to the renewal of daily lows in the level of 1.2227. In case of a return to the level of 1.2308, opening short positions are best on a rebound from 1.2346 or after the update to the larger resistance level of 1.2404.

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

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