FX.co ★ Trading plan for the European session on August 30 EUR/USD and GBP/USD

EUR / USD

To open long positions for EURUSD, you need:

For buyers, the most important level.

To open short positions for EURUSD, you need:

Sellers will try to gain a position below 1.1956 in the first half of the day, which will lead to a further decline in the European currency in the support levels of 1.1908 and 1.1870, where it is recommended to fix profits.

GBP / USD

To open long positions for GBPUSD requires:

Buyers need to hold above the level of 1.2917 and form a false breakdown on it.

To open short positions for GBPUSD, you need:

The main task for sellers is to consolidate in the first half of the day below the level of 1.2917.

Indicators description

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