For Traders

Analytical Reviews

Trading plan

11.05.201811:07 Forex Analysis & Reviews: Trading plan for the European session of EUR / USD pair on May 11

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 pair, you need:

A more acceptable level for purchases of the European currency today is located in the support range 1.1870-1.1876. The formation of a false breakout in that range will be a good signal in the opening of long positions in the euro in terms of a breakout and consolidation above the resistance of 1.1927, from which one can expect to update the new highs in the areas of 1.19175 and 1.2019, where fixing profits are recommended.

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

Failure to consolidate and return to the level of 1.1927 will be a good signal in the opening of new short positions in the euro in terms of declining and testing a new support level 1.1876, from which one can expect to update the new highs in the areas of 1.19175 and 1.2019, where fixing profits are recommended.

Description of 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

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.