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FX.co ★ Trading plan for the European session on August 30 EUR/USD and GBP/USD

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Forex Analysis:::2017-08-30T07:06:21

Trading plan for the European session on August 30 EUR/USD and GBP/USD

EUR / USD

To open long positions for EURUSD, you need:

For buyers, the most important level.

To open short positions for EURUSD, you need:

Sellers will try to gain a position below 1.1956 in the first half of the day, which will lead to a further decline in the European currency in the support levels of 1.1908 and 1.1870, where it is recommended to fix profits.

Trading plan for the European session on August 30 EUR/USD and GBP/USD

GBP / USD

To open long positions for GBPUSD requires:

Buyers need to hold above the level of 1.2917 and form a false breakdown on it.

To open short positions for GBPUSD, you need:

The main task for sellers is to consolidate in the first half of the day below the level of 1.2917.

Trading plan for the European session on August 30 EUR/USD and GBP/USD

Indicators description

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