FX.co ★ Trading plan for the European session on April 9 EUR / USD

To open long positions for EURUSD, you need:

All attention is focused on the level of 1.2279. If the buyers manage to gain a foothold on it, we can expect a sharper growth to the resistance level of 1.2308. We can then expect for an update in the area of 1.2333, where it is recommend to lock in profits. In case of a decline in the euro in the morning, the support will be in the middle of the channel at the level of 1.2247. Otherwise, buying the EUR/USD is best immediately on a rebound from 1.2220.

To open short positions for EURUSD, you need:

The next generation of a false breakout and a return to the level of 1.2279 will lead to a new wave of sales of the European currency with the main goal of reducing to the middle of the channel at the level of 1.2247 and then to a larger support level of 1.2220, where it is recommended to lock in the profits. In case of growth above the level of 1.2279, it is optimal to return to short positions in the euro after updating to the resistance areas of 1.2308 and 1.2333.

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