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20.04.201807:02 Forex Analysis & Reviews: Trading plan for the European session of EUR / USD pair on April 19

Long-term review

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

The main target for buyers is the breakdown and fixing the resistance level of 1.2395. Only upon reaching above this, you can count on the continuation of the upward wave in euro with the update of new highs around 1.2430 and 1.2464, where fixing profits are recommended. In the case of a decline in the euro below the level of 1.2364 in the morning, it is best to go back in purchasing the pair after the support test at 1.2336, or on a rebound from 1.2306.

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

The sellers will show themselves after an unsuccessful attempt to consolidate and return to the resistance level of 1.2395. A breakout in the area of 1.2364 will lead to a larger sale near the lower border channel of 1.2336 with the main test for the middle of the week in the area of 1.2306, where fixing profits are recommended. In the case of growth above 1.2395, selling the euro can be on the rebound from 1.2430 and 1.2464.

Indicators description

MA (average sliding) 50 days - yellow
MA (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20

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