For Traders

Analytical Reviews

Trading plan

22.05.201806:56 Forex Analysis & Reviews: Trading plan for the European session on May 22 for the 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 on EURUSD it is required:

Consider the new buying of the euro best after a decline in the morning by the middle of the downward channel with the update support 1.1752 and the formation there of a false breakdown. Otherwise, opening long positions is best for a rebound from 1.1720. Break and consolidation above 1.1818 will also be a definite signal for further growth of the euro with resistance test 1.1850, where it is recommended locking in profit.

To open short positions on EURUSD it is required:

Only the formation of a false breakdown at 1.1818 or an unsuccessful fastening at current highs of today will be the first signal for euro selling with a return to the 1.1752 support area. However, the main goal of the sellers will be to test and update the support 1.1720, where it is recommended fixing the profit. If the euro rises above 1.1818, you can sell immediately on a rebound from 1.1850.

Description of indicators

MA (moving average) 50 days - yellow
MA (moving average) 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.