20.04.201809:26 Forex Analysis & Reviews: Trading plan for the European session on April 20 EUR / USD

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

The task of the buyers at the moment is to keep the trade above the lower border of the 1.2336 channel, which may lead to a return to the resistance area of 1.2364, and then to update the upper border of the channel of 1.2395, where I recommend fixing the profit. In the case of a decline in the euro in the morning under the level of 1.2336, the purchases can be returned to a rebound from 1.2300.

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

The formation of a false breakout at 1.2364 or consolidation below 1.2336 will be good signals for the opening of short positions in euros with the first goal of reducing to the support area of 1.2306, and the main purpose of updating the weekly lows in the 1.2264 area, which is less likely. In the case of growth above 1.2364, the euro can be sold for a rebound of 1.2395.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20