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06.06.201823:04 Forex Analysis & Reviews: Trading plan for the US session on June 6 EUR / USD

Long-term review

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

Buyers have reached new highs, and a break above the level of 1.1777 will lead to a new wave of growth in the resistance area of 1.1828, where I recommend fixing the profits. In the case of a downward correction in the second half of the day, euro purchases can be seen on a false breakdown from 1.1739 or on a rebound from 1.1702.

To open short positions for EURUSD, you need:

While the trade will be below the resistance level of 1.1777, sellers have a chance to decline to the support level of 1.1739, and then to return to the day's low, to the area of 1.1702, where I recommend fixing the profit. In the case of a repeat test of 1.1777, a breakdown of the level may occur, in which case the euro is best sold for a rebound of 1.1828.

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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