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25.06.201809:37 Forex Analysis & Reviews: Trading plan for the European session of EUR / USD pair on June 25

Long-term review

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

It is best to return in buying the euro today after a decline to the support level of 1.1621 and the formation of a false breakdown on it or a rebound from the level of 1.1578. The main task for long positions will be a breakout and consolidation above 1.1670, which opens a direct road to the area of new weekly highs to areas 1.1707 and 1.1778, where fixing profits are recommended.

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

Failure to consolidate and return to the level of 1.1670 will be the first signal for euro sales to reduce the side channel 1.1621 to the lower border area. A breakthrough of which will lead to a larger sellout of EUR / USD with the update of support at 1.1578, where fixing profits are recommended. In case of growth above 1.1670, short positions on euro can be opened for a rebound from 1.1707 and 1.1742.

Description of indicators

MA (average sliding) 50 days - yellow
MA (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20

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