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FX.co ★ Trading plan for the European session on May 15 EUR / USD

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Forex Analysis:::2018-05-15T08:02:45

Trading plan for the European session on May 15 EUR / USD

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

I recommend to watch new euro purchases only after the return and consolidation at the resistance level of 1.1935, which will lead to the renewal of the larger area of 1.1975, where I recommend fixing the profit. In the event of a further decline in the euro in the morning, acceptable levels for long positions will be around 1.1894 and 1.1856, where you can buy EUR / USD immediately to rebound.

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

Failure to consolidate and return to the level of 1.1935 will be a good signal for the opening of new short positions in the euro in terms of a decline and a test of the support level of 1.1894. The breakthrough of which will lead to a more dense sale of the euro with the renewal of the area of 1.1856, where I recommend fixing the profits. In the case of growth above 1.1935 in the morning, sales can be returned to a rebound of 1.1759.

Trading plan for the European session on May 15 EUR / USD

Description of 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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