empty
 
 
08.06.2018 10:14 AM
Trading plan for the European session on June 8 EUR / USD

To open long positions for EURUSD, you need:

Opening new long positions must be done with a little care. The breakdown and a consolidation above the level of 1.1819 will allow us to count on a new wave of growth of the European currency with the update of the monthly highs around 1.1869 and 1.1923. If the EUR / USD falls in the morning under the support level of 1.1784, buying the euro is best after the test of 1.1739 and the rebound from 1.1695.

To open short positions for EURUSD, you need:

The unsuccessful fastening above the resistance level of 1.1819 with a return to this level in the first half of the day will be the first signal for opening short positions in the euros with the main goal of a breakdown and a consolidation below the support level of 1.1784, which will lead to the formation of a larger downward correction to the area 1.1739 and 1.1695, where it is recommended to lock in profits. In case of growth above the level of 1.1819, the euro can be sold for a rebound on 1.1869 and 1.1923.

This image is no longer relevant

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

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