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23.08.201813:20 Forex Analysis & Reviews: Trading plan for the US session of EUR / USD pair on August 22

Long-term review

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

Buyers worked out the morning target and the signal I was paying attention to, climbed up to the resistance level of 1.1617. Its breakthrough opens a straight road to a new high at 1.1653, where fixing profits are recommended. n case of a decrease in the euro to the publication of the Fed's protocols, one can consider long positions after updating the support of 1.1579 or on a rebound from 1.1538.

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

The formation of a false breakout and a return to support level of 1.1617 would be a good signal for euro sales, and the decline to 1.1579. After the publication of the FRS protocols, it will completely collapse the euro to the support area of 1.1538, where fixing profits are recommended. In case of further EUR/USD growth above the resistance of 1.1617, you can sell for a rebound from 1.1653.

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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