For Traders

Analytical Reviews

Trading plan

05.06.201823:56 Forex Analysis & Reviews: Trading plan for the US session on June 5 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:

Return to the purchase of the euro is best after a breakthrough and consolidation at the level of resistance 1.1685, which will lead to a repeated test of the high of the day in the area of 1.1713, where it is recommended recording profits. In case of further decline, a false breakout in the area of 1.1649, will be the first signal to the beginning of the long positions, or already support the test of 1.1620, with buying immediately on the rebound.

To open short positions on EURUSD it is required:

As long as the trade is below resistance level 1.1685, the pressure on the euro will continue, which may lead to a further decline in the support area 1.1649 and 1.1620, where it is recommend fixing profits. In case of EUR / USD growth in the second half of the day, short positions can be seen from the highs around 1.1713.

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

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.