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FX.co ★ Trading plan for the European session March 9 EUR / USD

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Forex Analysis:::2018-03-09T08:03:32

Trading plan for the European session March 9 EUR / USD

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

The pressure on the euro will continue. Consider new purchases in EUR / USD best after declining to larger support levels around 1.2272 and 1.2233. The breakthrough and consolidation above the level of 1.2335 will allow to update the resistance level of 1.2367, where I recommend fixing the profit.

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

The goal of the bears for today will be the formation of a false breakout at 1.2335, which will be the first signal for the opening of short positions in the euro. A repeat support test of 1.2305 will also lead to an increase in short positions and a sellout of EUR / USD with a yield of 1.2272 and 1.2233, where I recommend fixing the profits. In the case of growth above the level of 1.2335, you can sell for a rebound from 1.2367.

Trading plan for the European session March 9 EUR / USD

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

Analyst InstaForex
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