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12.03.201814:14 Forex Analysis & Reviews: Trading plan for the US session on March 12 EUR / USD

Long-term review

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

The buyers were not able to catch hold of resistance level of 1.2332, which I recommended to pay attention to in the morning review. It is now possible to count on long positions only after the support level of 1.2275 has been reduced and updated with the formation of a false breakdown there, or to buy the euro immediately for a rebound from 1.2233. The main goal is still to go beyond the resistance of 1.2332 and test the level of 1.2367.

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

The formation of a false breakout at 1.2332 led to the sale of the euro, and now, sellers expect to update the lower border of the channel 1.2275. However, the main goal will be its breakthrough and a test of a larger level of 1.2233, where I recommend fixing the profits. If the euro rises in the second half of the day, considering short positions can be repeated from the resistance of 1.2332.

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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