For Traders

Analytical Reviews

Trading plan

03.04.201802:52 Forex Analysis & Reviews: Trading plan for the US session on April 2 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.

To open long positions for EURUSD, it is required:

The buyers were steady above the morning level of 1.2328, and now their next target is a resistance in the region of 1.2358, which can be reached after the release of data from the United States. In that level, I recommend locking in profit on long positions. In the event of a decline to the level of 1.2328 in the afternoon, it would be best to buy the euro after a return to the rebound from 1.2285.

To open short positions for EURUSD, it is required:

A return to a support of 1.2328 will lead to a selling of the euro, and the main target of the bears will be the area of 1.2285, where I recommend locking in profits. In the event of a growth in the EUR/USD in the second half of the day, sales can be returned to a rebound from 1.2358.

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

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.