FX.co ★ Trading plan for the US session on September 5 EUR / USD

To open long positions for EUR / USD, you need:

The morning signal for the purchase from the level of 1.1554 has fulfilled itself, which allows us to count on a breakthrough and consolidation above the level of 1.1599, which will open a direct road to the area of the weekly highs of 1.1646 and 1.1686, where I recommend fixing the profits. If the EUR / USD falls again in the support area of 1.1554, it is best to return to long positions for a rebound of 1.1500.

To open short positions for EUR / USD, you need:

Sellers still have to count on the formation of a false breakout in the resistance area 1.1599 and to return to support 1.1554, the breakdown of which will collapse EUR / USD already in the region of new lows of 1.1500 and 1.1448, where I recommend fixing the profits. If the euro rises above 1.1599, you can sell for a rebound from 1.1646.

Description of indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20