FX.co ★ Trading plan for the European session on April 10 EUR / USD

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

Failure to secure and return to the intermediate resistance level of 1.2324, will be the first signal for the opening of short positions in the euro with the purpose of updating the support of 1.2284. However, the main task of the sellers in the first half of the day will be to consolidate below this range, which will lead to the return of EUR / USD to the area of week lows to 1.2250.

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

New long positions on the euro can be seen after a decline to the first support level of 1.2284, which is the bottom border of the new side channel. The main task of the buyers will be the return and consolidation above the level of 1.2324, which will open the possibility for growth in the region of new highs, in the resistance range of 1.2358 and 1.2383, where I recommend fixing the profit. Above the level of 1.2324, for sales, you can pay attention to the levels of 1.2358 and 1.2383.

Indicators

MA (average sliding) 50 days - yellow

MA (average sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA 9

Bollinger Bands 20