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10.05.201816:14 Forex Analysis & Reviews: Trading plan for the US session on May 10 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 EUR / USD, you need:The buyers are gradually selected to the support level of 1.1882, which will allow to expect a larger upward correction to the area of 1.1927 and 1.1975, where I recommend fixing the profits. In the case of a decline in the euro in the afternoon, purchases can also be found after the support test at 1.1825 and on the rebound from 1.1792 and 1.1765.To open short positions for EUR / USD, you need:The formation of a false breakdown at the level of 1.1882 should lead to a second wave of sales of the European currency with a month low at 1.1825. If in the second half of the day there is a breach of resistance 1.1882, short positions can be returned to the rebound from the area of 1.1927 and 1.1975.

Exchange Rates 10.05.2018 analysis

Description of indicatorsMA (average sliding) 50 days - yellowMA (average sliding) 30 days - greenMACD: fast EMA 12, slow EMA 26, SMABollinger Bands 20

Miroslaw Bawulski
Analytical expert of InstaForex
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