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13.08.201811:20 Forex Analysis & Reviews: Trading plan for the European session of EUR / USD pair on August 13

Long-term review

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

Buyers try to stop the fall, but it does not work very well. It is best to return to long positions after the formation of a false breakdown at 1.1365 or to rebound from the new support level of 1.1324. The main task for the first half of the day will be fastening above resistance 1.1410, from which one can expect an upward correction to the area of 1.1445, where fixing profit is recommended.

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

The downtrend continues. n the morning, it is best to look for short positions in conditions such as after a correction the from the level of 1.1410, on a false breakout, or to sell the euro for a rebound from 1.1445. The main target will be a breakdown and consolidation below 1.1365, which will lead to an immediate sell-off of EUR/USD pair to the area of new lows at 1.1324 and 1.1251.

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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