FX.co ★ Trading plan for the European session on February 26 for EUR / USD

EUR / USD

To open long positions for EURUSD, you need:

The main task of buyers for today will be the breakthrough and the consolidation above the level of 1.2336. This will be a goal of an update to the level of 1.2371 and 1.2410, where it is recommended to lock in profits. However, it is safer to consider buying the euro after a decline to the first level of support in the area of 1.2284 with the formation of a false breakdown there, or to buy immediately on a rebound from 1.2240.

To open short positions for EURUSD, you need:

The formation of a false breakout at 1.2336 will be the first signal to open short positions in the euro with the main goal of reducing to the intermediate support level of 1.2284. A break below this level will lead to larger sales with an update to 1.2240 and 1.2208, where it is recommended to lock in profits. In case of growth above the level of 1.2336, the best way to sell the EUR / USD pair is to return to a rebound from 1.2371.

Indicator description

MA (moving average) 50 days - yellow

MA (moving average) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20