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19.06.201823:58 Forex Analysis & Reviews: Trading plan for the US session on June 19 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 for EUR / USD, you need:

Consider buying euro in the afternoon better after the update of a new level of support in the area of 1.1513 or a rebound from the minimum of 1.1482. The main goal for long positions will be the consolidation above the area of 1.1562, where it will be possible to talk about the return and the repeated test of the morning resistance level of 1.1603, where I recommend fixing the profit.

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

While the trade is below the level of 1.1562, the pressure on the euro will continue, which will lead to a further sell-off with the test of new lows around 1.1513 and 1.1482, where I recommend fixing the profits. In the event of a return to the resistance at 1.1562 in the afternoon, sales of the euro can be returned to the rebound from 1.1603 and 1.1642.

Exchange Rates 19.06.2018 analysis

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

Miroslaw Bawulski
Analytical expert of InstaForex
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