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13.06.201823:01 Forex Analysis & Reviews: Trading plan for the US session on June 13 EUR / USD

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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

The situation has not changed. Euro buyers still need to return to the resistance level of 1.1776, above which a larger upward wave will lead to the renewal of yesterday's highs around 1.1821. The main goal for long positions will be to go beyond 1.1821 and update the area of 1.1869, where I recommend fixing the profits. In the case of a decrease, you can buy the euro by forming a false breakout in the area of 1.1730, or on a rebound from the larger areas of 1.1692 and 1.y1657.

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

Failure to secure above 1.1776 with a return to this level will be the first signal for the opening of short positions in euros with the main goal of breakdown and consolidation below the support level of 1.1730, which will lead to the formation of a larger downward wave to 1.1692 and 1.1657, where I recommend fixing the profits. In the case of growth above 1.1776, selling the euro can be on the rebound from 1.1821 and 1.1869.

Exchange Rates 13.06.2018 analysis

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

Miroslaw Bawulski
Analytical expert of InstaForex
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