07.03.201802:39 Forex Analysis & Reviews: Trading plan for the US session on March 6 EUR/USD

To open long positions for EURUSD, it is required:

Buyers still managed to draw a false breakdown at the level of 1.2345 and continued to push the euro upwards into the area of a resistance of 1.2404. A steadying above this range will allow you to count on new highs in the area of 1.2458, where I recommend locking in profits. In the event of a decline in the afternoon, you can consider long positions after a correction to 1.2348.

To open short positions for EURUSD, it is required:

Sellers will only be bold enough to prove themselves after the renewal of a resistance of 1.2404, provided that there is a false breakdown in that area. If an immediate selling of the euro from this level does not happen, I recommend postponing short positions to a test of a larger area of 1.2458. The main goal for short positions will be a return to 1.2348.

Indicator description

• Moving Average (average sliding) 50 days - yellow
• Moving Average (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20