Trading plan for the European session on September 10 EUR / USD
To open long positions for EUR / USD, you need:
It is better not to hurry the purchase of the euro. The formation of a false breakout in the morning at 1.1531 will be a good signal for the opening of long positions with a breakout and consolidation above 1.1567, which will lead to a stronger upward correction in the area of 1.1593, where I recommend fixing the profit. In the case of a larger euro decline, you can buy immediately at a rebound of 1.1495.
To open short positions for EUR / USD, you need:
Bears today need to form a false break at 1.1567, which will be the first signal for new euro sales counting on the breakdown and consolidation below 1.1531 support, which will lead to a new downtrend of EUR / USD with the renewal of lows in areas 1.1495 and 1.1448, where I recommend fixing the profits. In the case of growth above 1.1567, the euro can be sold for a rebound of 1.1593.
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