empty
 
 
13.08.2018 11:20 AM
Trading plan for the European session of EUR / USD pair on August 13

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

Buyers try to stop the fall, but it does not work very well. It is best to return to long positions after the formation of a false breakdown at 1.1365 or to rebound from the new support level of 1.1324. The main task for the first half of the day will be fastening above resistance 1.1410, from which one can expect an upward correction to the area of 1.1445, where fixing profit is recommended.

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

The downtrend continues. n the morning, it is best to look for short positions in conditions such as after a correction the from the level of 1.1410, on a false breakout, or to sell the euro for a rebound from 1.1445. The main target will be a breakdown and consolidation below 1.1365, which will lead to an immediate sell-off of EUR/USD pair to the area of new lows at 1.1324 and 1.1251.

This image is no longer relevant

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
Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback