09.03.201813:33 Forex Analysis & Reviews: Trading plan for the US session on March 9 EUR / USD

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

While the trade is below the level of 1.2305, the pressure on the euro will continue. Only a return to this range will allow buyers to recount on an attempt to grow to the resistance area of 1.2335 and to update 1.2367, where I recommend fixing the profits. In the case of further reduction of the euro, you can count on purchases after the test of 1.2272 or on a rebound from 1.2233.

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

While the trade is below the level of 1.2305, the bears will press on the euro, which in the long run will lead to the renewal of support 1.2272 and to the exit amid good data on the labor market in the USA to the large 1.2233 area. In the case of euro growth in the second half of the day, sales can be returned to a rebound from 1.2335.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20