FX.co ★ Trading plan for the European session on April 2 EUR / USD

To open long positions for EURUSD, you need:

If buyers manage to get to the resistance level of 1.2328, then we can count on a repeated growth and an update to the area of 1.2358, where it is recommended to lock in profits. In case of a decline in the euro in the morning, buying is best after the formation of a false breakdown on the support level of 1.2285 or on a rebound from 1.2253.

To open short positions for EURUSD, you need:

The formation of a false breakout and a return to the level of 1.2328 will lead to a new wave of sales of the European currency. Meanwhile, the consolidation below the support level of 1.2285 will serve as an additional signal to increase short positions in the euro with the goal of further reducing to the area of 1.2253, where it is recommended to lock in profits. In case of a breakout above the level of 1.2328, it is recommended to look for short positions after updating to the resistance level of 1.2358.

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