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 US session on July 6 EUR/USD

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To open long positions on EURUSD it is required:

The repeat resistance test of 1.1720, which sellers held in the morning, could lead to a breakdown of this level with a further exit to the highs around 1.1778 and 1.1810, where it is recommended taking profits. In the case of a decline in the euro in the second half of the day after data on the labor market in the US, one can return to buying in the range of 1.1683, and the best is on a rebound from 1.1651.

To open short positions on EURUSD it is required:

It is best to return to short positions on the Euro after the formation of a false breakout at the resistance level of 1.1720, with an additional signal in the form of a good report on the US labor market. If the euro rises above 1.1720, you can sell for a rebound from a new high at 1.1778. A decline below 1.1683 could lead to a larger pressure on the pair, which will collapse to a minimum in the area of 1.1651 and 1.1622.

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Description of indicators

  • MA (moving average) 50 days – yellow
  • MA (moving average) 30 days – green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20

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

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