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31.05.201815:48 Forex Analysis & Reviews: Trading plan for the US session on May 31 EUR / USD

Long-term review

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To open long positions for EUR / USD, you need:

Euro purchases in the current situation are best seen after the formation of a false breakout at 1.1653 or open long positions immediately at a rebound of 1.1597. The main goal will be a repeated test of the resistance level of 1.1721 and its breakthrough, which opens a direct road to the area of 1.1775, where I recommend today to fix the profit.

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

The breakthrough and consolidation below the support level of 1.1653 will be a good signal for euro sales in return for the area of 1.1597. If the euro rises in the second half of the day, another unsuccessful attempt to gain a foothold above the level of 1.1721 will also lead to a downward correction. In another version, sales can be made immediately on a rebound from 1.1775.

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

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