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15.08.201816:18 Forex Analysis & Reviews: Trading plan for the US session on August 15 EUR / USD

Long-term review

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

The situation in the first half of the day has not changed. As in the morning, it is best to return to long positions in the euro after forming a false breakout at the intermediate support level of 1.1313, which will lead to an upward correction to the resistance area of 1.1371. The only consolidation above this level will allow updating the week maximum in the area of 1.1431. In the event of a further decline in the euro, long positions can be found in the support area of 1.1251 and 1.1215.

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

Sellers are gradually selected to the level of 1.1313. Its test and breakdown will be another signal for the opening of short positions in the European currency in order to update the new lows in the area of 1.1251 and 1.1215, where I recommend fixing the profits. If the EUR / USD rises above 1.1371, you can sell for a rebound of 1.1431.

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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