FX.co ★ Trading Plan for the US session EUR / USD and GBP / USD on July 25

EUR/USD

To open long positions for EURUSD, you need:

The situation of the European currency has not changed.

To open short positions for EURUSD, you need:

Sellers could return to the market only after re-testing and consolidation below 1.1634 that directly opens to the support area of 1.1602 and 1.1564, where it is recommended to fix profits.

GBP / USD

To open long positions for GBPUSD requires:

Buyers of the pound are now aiming for a break and consolidation above 1.3045 but it is impossible in the morning.

To open short positions for GBPUSD, you need:

Eliminating of a number of stop orders above 1.3045 could lead to an upward trend, while a weak data on the US economy will only strengthen it.

To familiarize with the basic concepts and the general rules of the TS is possible here.

Fears of indicators

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