FX.co ★ Trading plan for the European session on April 18 EUR / USD

To open long positions for EURUSD, you need:

The buyers for the first half of the day have several scenarios. One of them represents a false breakout in the support area of 1.2363,, which will keep the upward trend and will lead to an increase above the level of 1.2386, with the update of resistance to the level of 1.2412, where it is recommended to lock in the profits. The second scenario consists of buying after falling to the lower border of the channel of 1.2337.

To open short positions for EURUSD, you need:

Sellers will show themselves after an unsuccessful attempt to consolidate and return to the resistance level of 1.2386 and a breakout at the 1.2363 area will lead to a larger sellout near the lower border of channel 1.2337 with the main test for the middle of the week in the area of 1.2308, where it is recommended to lock in profits. In case of growth above the level of 1.2386, selling the euro is best on the rebound from 1.2412.

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