Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Trading plan for the European session on July 17 EUR / USD

July 17, 2018 Analytics

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

Break and consolidation above 1.1724 level will be a good signal for euro purchases, and while the trade will be conducted above this range, one can count on the continuation of the upward trend with the renewal of resistance 1.1756 and the exit to the monthly maximum in the area of 1.1787, where I recommend fixing profits. In case of a decline in the euro in the first half of the day, support should be provided by the area of 1.1693, and otherwise it is possible to open long positions for a rebound from 1.1658.

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

The formation of a false breakout and a return to resistance level 1.1724 will be the first signal to the euro sales in order to reduce to the support area 1.1693, the breakthrough of which may lead to a larger sale of the European currency with the renewal of the area 1.1658 and 1.1622, where I recommend fixing profits. In case of euro growth in the first half of the day, you can count on short positions after the formation of a false breakdown at resistance 1.1756 or on a rebound from 1.1787.

analytics5b4d96d012bf4.png

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

The material has been provided by InstaForex Company – www.instaforex.com

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