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FX.co ★ Trading plan for the European session on July 12 EUR / USD and GBP / USD

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Forex Analysis:::2017-07-12T07:55:59

Trading plan for the European session on July 12 EUR / USD and GBP / USD

EUR / USD

To open long positions for EURUSD, it is required:

It is advised to treat the euro cautiously today.

To open short positions for EURUSD, it is required:

Sellers may declare after consolidating under the level of 1.1469, which will result in USD / USD in the support region of 1.1440, where it is recommended to lock in profits before the speech of Federal Reserve Chairman Janet Yellen.

Trading plan for the European session on July 12 EUR / USD and GBP / USD

GBP / USD

To open long positions for GBPUSD it is required:

With the purchases of the pound, it 's better not to rush.

To open short positions for GBPUSD, it is required:

To sell the pound today, the best is after consolidation under the level of 1.2836, which opens a direct path to the support 1.2799 and 1.2761, where it is best to record profit on short positions.

To sell the pound today is best after consolidation under the level of 1.2836, which opens a direct way to support 1.2799 and 1.2761, where it is best to take profit on short positions.

Trading plan for the European session on July 12 EUR / USD and GBP / USD

Fears indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: a fast EMA 12, Slow EMA 26, SMA 9
  • Bollinger Bands 20
Analyst InstaForex
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