21.06.201809:48 Forex Analysis & Reviews: Trading plan for the European session on June 21 for EUR / USD

Long-term review

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To open long positions for EURUSD, you need:

It is better to slow down in buying the euro. All attention is directed to the intermediate support level of 1.1553. If its breakdown takes place, then it is best to return to long positions after updating the monthly lows to around 1.1513 when there is a false breakdown there or to rebound from 1.1482. If the euro rises above the level of 1.1593 with a resistance in the first half of the day, the main target of buyers will be the upper limit of the lateral channel at 1.1634.

To open short positions for EURUSD, you need:

The breakdown and consolidation below the intermediate support level of 1.1553 will lead to the formation of a larger pressure on the pair with an exit to the monthly lows to around 1.1513 and 1.1482, where it is recommended to lock in profits. In case of euro growth in the first half of the day, selling is best on a false breakout from 1.1593 or on a rebound from the resistance level of 1.1634.

Description of indicators

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20

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