Main Quotes Calendar Forum
flag

FX.co ★ Trading plan for the US session on May 21 EUR/USD

parent
Forex Analysis:::2018-05-21T23:04:58

Trading plan for the US session on May 21 EUR/USD

To open long positions for EURUSD, it is required:

Buyers quickly returned to the level of 1.1742, and while trading is conducted on this range, we can expect the continued growth of the euro towards the resistance of 1.1786, where I recommend to lock in the profit. In the event of a decline below the level of 1.1742 in the afternoon, I recommend that you return to buying only on the rebound from 1.1710 and 1.1683.

To open short positions for EURUSD, it is required:

It is best to consider new selling of the euro after returning to the level of 1.1742, which will open a new prospect for reducing and updating the support level of 1.1710 and 1.1683, where I recommend profit-taking. In the case the euro increases in the afternoon, sales can be made directly on the rebound from 1.1786.

Trading plan for the US session on May 21 EUR/USD

Indicator description

  • Moving Average (average sliding) 50 days - yellow
  • Moving Average (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...