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10.09.201811:13 Forex Analysis & Reviews: Trading plan for the European session on September 10 EUR / USD

Long-term review

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

It is better not to hurry the purchase of the euro. The formation of a false breakout in the morning at 1.1531 will be a good signal for the opening of long positions with a breakout and consolidation above 1.1567, which will lead to a stronger upward correction in the area of 1.1593, where I recommend fixing the profit. In the case of a larger euro decline, you can buy immediately at a rebound of 1.1495.

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

Bears today need to form a false break at 1.1567, which will be the first signal for new euro sales counting on the breakdown and consolidation below 1.1531 support, which will lead to a new downtrend of EUR / USD with the renewal of lows in areas 1.1495 and 1.1448, where I recommend fixing the profits. In the case of growth above 1.1567, the euro can be sold for a rebound of 1.1593.

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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