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06.08.201816:19 Forex Analysis & Reviews: Trading plan for the US session on August 6 EUR / USD

Long-term review

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

Buyers hold the morning support level of 1.1529, which I paid attention to. As long as the trade is above this range, the demand for the euro will continue, which could lead to the renewal of the resistance level of 1.1564, where I recommend fixing the profits. In the case of a second test, 1.1529, a breakdown may occur. In this scenario, it is best to return to long positions for a rebound from 1.1482.

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

The sellers worked out a false breakdown for sale, which I paid attention to today, and now another signal to short positions will be the repeated test of support 1.1529, the breakthrough of which will lead to a large sale to the area of the 1.1482 minimum, where I recommend fixing profits. If the euro rises in the second half of the day, you can sell for a rebound from 1.1564.

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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