01.10.201815:14 Forex Analysis & Reviews: EUR / USD: plan for the US session on October 1. Correction is necessary for further fall.

To open long positions on EUR / USD you need:

Buyers formed a false breakdown at 1.1585, which I drew attention to in my morning review, which led to an upward correction in the euro in the morning and resistance update of 1.1615. For the second half of the day, customers need to retest this area, which may lead to the formation of a new upward wave in the euro and an update of the maximum of 1.1648, where I recommend fixing the profits. In the event of a decline in the euro, long positions can now be considered again on a rebound from 1.1575.

To open short positions on EUR / USD you need:

The formation of a false breakdown at 1.1615 is still holding back buyers of the euro. The longer the trade will be conducted under 1.1615, the stronger the pressure on the euro will increase. The main task of sellers in the afternoon will be a return to the support level of 1.1577, where I recommend fixing the profits. If EUR / USD rises above the resistance level of 1.1615, short positions can be considered after updating the 50-day moving average or rebound from the level of 1.1648.

Indicator signals:

Moving Averages

The 30-day moving average and 50-day average are directed down, which indicates a continued decline in the euro in the short term. However, the return of the price on the 30-day average indicates the likelihood of an upward correction.

Bollinger bands

The volatility of the Bollinger Bands is falling against the background of the upward correction of the euro, which can play in favor of the sellers.

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