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FX.co ★ Trade plan for the US session on April 25 EUR / USD

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Forex Analysis:::2018-04-25T21:59:27

Trade plan for the US session on April 25 EUR / USD

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

The situation with purchases has become more complicated. Buyers missed the morning level of 1.2204, and now trading is below this range, which creates certain problems with growth. Long positions in the euro are best to open after a break and consolidation above the 1.2213 range, or after the formation of a false breakout at 1.2182. The main goal remains to update the resistance of 1.2242, where I recommend fixing the profits.

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

While the trade is below 1.2213, the advantage will be on the side of the euro sellers. This opens an opportunity to reduce the support area of 1.2182 to the region. The breakthrough of which will lead to a larger sale of EUR / USD to the new lows of 1.2158 and 1.2127, where I recommend fixing the profits. In the case of growth above 1.2213, sales are actual from 1.2242 and 1.2267.

Trade plan for the US session on April 25 EUR / USD

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20

Analyst InstaForex
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