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09.03.201804:57 Forex Analysis & Reviews: Trading plan for the US session on March 8 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 EUR / USD, you need:

It is best to consider the new purchase of the euro after the formation of a false breakdown at 1.2372, and otherwise open long positions. It is recommended to rebound only from support 1.2333. Today, the main goal of buyers is to maintain the trend and the closing of the day will be on top of the support at 1.2372.

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

A series of test at the 1.2372 level will lead to a breakdown of the support level and sales of the EUR / USD in the areas 1.2333 and 1.2287, where it is recommended to fix profits. If the single European currency increases during the second half of the day, short positions can be considered after the renewal of resistance at 1.2428.

Indicators description

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

* The presented market analysis is informative and does not constitute a guide to the transaction.

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