21.06.201913:37 Forex Analysis & Reviews: EUR / USD plan for the US session on June 21. One attempt of euro buyers is not enough

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

Euro buyers did not cope with the first attempt at resistance level 1.1310, which I paid attention to in the morning review, but the potential for growth remains. While trading is above the support of 1.1287, the bulls will storm the resistance of 1.1310 and a breakthrough will lead the EUR/USD pair to the area of the new maximum of 1.1338. Possibly, this will allow updating the area of 1.1366, where I recommend taking profits. Weak reports on the US economy can help. In the case of a re-decline scenario to the support area of 1.1287, it is better to ignore this level and return to long positions to rebound from a minimum of 1.1261.

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

European currency sellers will try not to let bulls above the resistance of 1.1310. Another false breakdown, together with good fundamental statistics for the US, will be a signal to open short positions in euro with the main goal of fixing below the support of 1.1287. This will allow the resumption of the downward correction in the afternoon at the area of 1.1261 minimum, where I recommend fixing the profit. If the bulls find the strength and try to break through the resistance of 1.1310, it is best to consider short positions for a rebound from the maximum of 1.1338.

Indicator signals:

Moving averages

Trading is above 30 and 50 moving averages, which indicates a continuation of the bullish scenario.

Bollinger bands

If the euro falls, support will be provided by the lower boundary of the indicator in the region of 1.1287.

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