FX.co ★ Trading plan for the US session on October 11, EUR / USD and GBP / USD

EUR / USD

To open long positions on EURUSD, it is required:

A break above 1.1827 for the second time opens the opportunity to update the maximum near 1.1866, where it is recommended to lock in profits today. A breakthrough at 1.1866 on the Fed's protocols could lead to the testing of 1.1897. In case of a decline in the euro in the afternoon, it is best to go back to buying from the level of 1.1827 or a rebound from 1.1800.

To open short positions on EURUSD, it is required:

Sellers can prove themselves after renewing the resistance at 1.1866, which will lead to a downward correction to the area of 1.1827 by the time of the release of the Fed's protocols. In case of a larger euro growth above 1.1866, you can count on sales only after testing the level of 1.1897. A return to the level of 1.1827 may return new players to the market, causing fall of the euro in order to update to 1.1799 and 1.1764.

GBP / USD

To open long positions on GBPUSD, it is required:

The situation in the British pound has not changed compared with the morning forecast. It is better to expect new purchases of the pound after consolidating above the resistance of 1.3218, which will lead to the renewal of a rather important area at 1.3260, where serious sellers of the British pound may return to the market. The main goal of buyers will be to test the level of 1.3305, where it is recommended to lock in profits. In case of a pound drop, you can watch purchases in the area of 1.3171, provided that there is a false breakdown there, or a rebound from 1.3105.

To open short positions on GBPUSD, it is required:

An unsuccessful testing of 1.3218 with a return to this level could lead to a larger downward correction for the pound to the area of 1.3171. Breaking this level will also collapse the GBP / USD pair to a strong support area of 1.3105, where it is recommended to lock in profits. If the pound is above 1.3218, returning to short positions is best after updating to 1.3260 or rebounding from 1.3305.

Indicator description

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20