FX.co ★ Trading plan for the US session on July 13, EUR/USD and GBP/USD

EUR / USD

To open a long position on EURUSD, it is required:

Return to the buying of euro can be done after the release of the release of weak data on US inflation and fastening at 1.1420, which directly opens a path to the larger level of 1.1449.

To open a short position on EURUSD, it is required:

Sellers should return to the market if inflation data beats forecasts, and the formation of a false breakout and a return to the level of 1.1420 will be an additional signal to open short positions in the pair.

GBP / USD

To open long positions on GBPUSD, it is required:

Buyers of the pound worked perfectly the level of 1.2917 and now are focused on updating the resistance 1.2967.

To open short positions on GBPUSD, it is required:

Sellers may declare after an update of 1.2967, where one can see immediate selling of the pound on the rebound.

Fear indicators

• MA (moving average) 50 days - yellow
• MA (moving average) 30 days - green
• MACD: a fast EMA 12, slow EMA 26,SMA
• Bollinger Bands 2