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08.03.201802:39 Forex Analysis & Reviews: Trading plan for the US session on March 7 EUR/USD

Long-term review

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EUR/USD

To open long positions for EURUSD, it is required:

Buyers were unable to reach the level of 1.2458, and are trying to get a hold of 1.2404. While the trade is above this range, you can expect a re-exit to the level of 1.2458, where I recommend locking in profits. In case the euro declines in the afternoon, long positions can be considered for a rebound from 1.2348.

To open short positions for EURUSD, it is required:

A retest at 1.2404 will lead to a breakdown of the level of support and selling of the EUR/USD in the area of 1.2375 and 1.2348, where I recommend locking in profits. If the euro rises in the second half of the day, short positions can be considered after an update of the resistance at 1.2458.

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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