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24.04.201811:27 Forex Analysis & Reviews: Trading plan for the European session on April 24 EUR / USD

Long-term review

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To open long positions for EURUSD, you need:

Opening long positions in the euro is best after the formation of a false breakout and return to the support level of 1.2211, from which an upward correction can lead to the renewal of the resistance area of 1.2244 and 1.2267. In the event of a decline in the euro at the level of 1.2211, it is recommended that you go back to buying on a false breakout at the level of 1.2187, or on rebound from new monthly lows in the area of 1.2158 and 1.2127.

To open short positions for EURUSD, you need:

The return to the level of 1.2211 will be a good signal for opening new short positions with a view to re-testing the lows around the level of 1.2187 and their breakdown. In this scenario, the downward movement in the EUR / USD will continue to levels of 1.2158 and 1.2127, where it is recommended to lock in profits. If the euro rises in the morning, selling is best in the area of 1.2244 and 1.2267.

Indicator description:

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

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

Bollinger Bands 20

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