Trading plan for the US session on May 25 EUR / USD

Source: Forex Analysis

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

The buyers managed to hold above the level of 1.1693 and create a false breakdown there once again. Now, the task for the second half of the day will be a breakthrough and consolidation above the resistance level of 1.1742, which will lead to an increase in the region of new highs of 1.1786, where I recommend fixing the profits. In the case of a decline in the euro, you can count on purchases after the support test of 1.1664.

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

The formation of a false breakout and a return to the level of 1.1742 will be the first signal for the opening of short positions in euros, counting on a second test and breaking support of 1.1693, which will lead to the continuation of a downward trend in the region of new lows of 1.1663 and 1.1639, where I recommend fixing the profits. In the case of growth above 1.1742, the euro can be sold for a rebound of 1.1786.

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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

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