13.06.201914:38 Forex Analysis & Reviews: EUR/USD: plan for the US session on June 13. The pressure on the euro weakened, and the uncertainty increased

To open long positions on EURUSD, you need:

Weak data on industrial production did not surprise traders, which did not allow to maintain the downward trend in the pair. At the moment, trading is conducted around the level of 1.1290, and it will depend on the further direction of movement. A false break was formed, but there is no serious demand for the euro. The main goal of buyers is to update the weekly high in the area of 1.1341, where I recommend taking the profit. In the case of maintaining pressure on the euro and falling under the support of 1.1290 in the second half of the day, it is best to consider long positions on the rebound from the low of 1.1253.

To open short positions on EURUSD, you need:

At the North American session, the bears will try to break below the support of 1.1290, the breakdown of which will be a signal to open short positions in the euro. Good data on the US labor market can help the EUR/USD to resume the downward trend, which will lead to an update of the lows of 1.1253 and 1.1203, where I recommend taking the profit. If in the second half of the day, the euro resumes growth, it is best to consider short positions to rebound from a weekly high around 1.1341.

Indicator signals:

Moving Averages

Trading is conducted in the area of 30 and 50 moving averages, which indicates the uncertainty of the market with a further direction.

Bollinger Bands

Volatility has dropped sharply, which does not give signals to enter the market.

Description of indicators

• MA (moving average) 50 days – yellow
• MA (moving average) 30 days – green
• MACD: fast EMA 12, slow EMA 26, SMA 9
• Bollinger Bands 20