11.06.201909:51 Forex Analysis & Reviews: EUR/USD: plan for the European session on June 11. Buyers still have a chance for growth, but a breakthrough is needed at 1.1330

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To open long positions on EURUSD you need:

Important data did not come out in the second half of the day, and it was expected that euro buyers began to return to the market after the test of a support level of 1.1290, as sellers again took a wait-and-see position and did not pull down the pair. At the moment, while trading is conducted above the 1.1290 range, the demand for EUR/USD will continue, which may lead to an update of resistance at 1.1330. However, the main task will be to consolidate above 1.1330, which will indicate a continuation of the upward trend with access to a high of 1.1366 and 1.1392, where I recommend taking profits. Under the scenario of a re-decline to the support area of 1.1290, it is best to return to long positions to rebound from a low of 1.1253.

To open short positions on EURUSD you need:

Bears need to form a false breakdown in the resistance area of 1.1330, which will be the first signal to open short positions, but the main goal will be a support of 1.1290, the re-test of which will necessarily lead to its breakthrough and the EUR/USD's decline to a low of 1.1253, where I recommend taking profits. In case of growth in the first half of the day above the resistance of 1.1330, it is best to sell the euro to rebound from a new monthly high in the area of 1.1366 and 1.1392.

Indicator signals:

Moving averages

Trade is conducted in the region of 30 and 50 moving averages, which indicates market uncertainty with further movement.

Bollinger bands

In case the euro declines, support will be provided by the lower boundary of the indicator in the area of 1.1295, while the upper limit in the area of 1.1320 will act as resistance with growth.

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

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