26.04.201809:37 Forex Analysis & Reviews: Trading plan for the European session of EUR / USD pair on April 26

Long-term review

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

The whole movement will depend on the statements of Mario Draghi. Euro purchases are best seen after consolidation above resistance level 1.2187, which will lead to a correction to the area of 1.2214, where the upper limit of the descending channel passes. Going beyond this range will also allow us to count on a more powerful bullish pulse in the area of 1.2242 and 1.2267, where fixing profits are recommended. If the euro falls below the level of 1.2158, you can return to purchases after updating support levels of 1.2127 and 1.2088.

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

The formation of a false breakout at 1.2187 in the morning or consolidation below 1.2158, would be a good signal for an increase in short positions of the euro in order to reduce the region to new lows of 1.2127 and 1.2088, where fixing profits are recommended. Given the growth of the euro above 1.2187, sellers can return after the renewal of resistance areas at 1.2214 and 1.2242.

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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