FX.co ★ Trading plan in the European session for EUR / USD and GBP / USD pairs on July 17,

EUR / USD

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

Buyers of the European currency can join the market after the support level moved towards 1.1443-1.1440 region where a surge in volume occurs that indicates the return of large players to the market.

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

To sell the euro today will not be the right decision.

GBP / USD

For opening long positions on GBP USD, it is required:

Buyers of the pound can join the market after a correction to the support area of 1.3060, where the test on the volume signals to open long positions.

For opening short positions on GBP USD, it is required:

It is best not to rush when selling the British pound today.

Fears in indicators

• MA (moving average) 50 days - yellow
• MA (moving average) 30 days - green
• MACD: a fast EMA 12, Slow EMA 26, SMA 9
• Bollinger Bands 20