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15.05.201801:40 Forex Analysis & Reviews: Trading plan for the US session on May 14 EUR / USD

Long-term review

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To open long positions for EURUSD, you need:

Buyers are trying to get hold of the support level of 1.1975 and while the trade is above this range, demand for the euro will continue with the main objective of renewing the resistance level of 1.2019, where it is recommended to lock in profits. If the EUR / USD pair falls below the level of 1.1975 in the afternoon, it is best to consider buying only for a rebound from the area of 1.1935.

To open short positions for EURUSD, you need:

A return to the support level of 1.1975 in the second half of the day will be a good signal for the opening of short positions in euro. This is in expectation of updating the daily low in the area of 1.1935, where it recommended to lock in profits. In case of a larger EUR / USD growth, you can sell for a rebound in the level of 1.2019.

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

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