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31.05.201800:50 Forex Analysis & Reviews: Trading plan for the US session on May 30 EUR/USD

Long-term review

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To open long positions for EURUSD, it is required:

The main objective for the second half of the day for buyers of the euro will be to update the resistance of 1.1642 and go beyond it, where the weekly highs in the area of 1.1696 and 1.1743, where I recommend profit taking. In the event of a decline in the euro in the afternoon, you can open long positions immediately on the rebound from 1.1569.

To open short positions for EURUSD, it is required:

The formation of a false breakout and a return to the resistance level of 1.1642 will be the first signal for opening short positions in the euro in terms of reducing and updating of support of 1.1569, where I recommend locking in profits. If the euro rises above 1.1642, you can sell immediately for a rebound from 1.1696.

Indicator description

Moving Average (average sliding) 50 days - yellow
Moving Average (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20

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