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21.06.201823:38 Forex Analysis & Reviews: Trading plan for the US session on June 20 EUR / USD

Long-term review

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

The buyers returned after upgrading the support level of 1.1513, which I recommended to pay attention to in my morning review. In the second half of the day, the main task is to break through and consolidate above the resistance level of 1.1553, from which it will be possible to count on a new wave of euro purchases with the renewal of the resistance level of 1.1593, where I recommend fixing the profits. In the case of a further decline in the euro, it is possible to open long positions on a rebound from 1.1482.

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

While the trade is below the level of 1.1553, the pressure on the euro will persist, which could lead to a repeat support test at 1.1513, the breakdown of which will open new weekly lows around 1.1482 and 1.1440, where I recommend fixing the profits. In the case of growth above 1.1553 in the afternoon, selling the euro can be on the rebound from the high of 1.1593.

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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