FX.co ★ Trading plan for the European session on April 11 EUR / USD

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

The breakthrough and exit to the resistance level of 1.2375 will lead to a new wave of growth of the European currency with the purpose of updating the highs in the area of 1.2406 and 1.2446, where it is necessary to fix the profit. In the case of a decline in the euro in the morning, purchases can be looked for a false breakout near 1.2349 or on rebound from the support level of 1.2327.

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

Failure to secure and return to the resistance level of 1.2375, which may occur after yesterday's high is updated, will be the first signal for the opening of short positions in euro with the purpose of updating the support level of 1.2349, and then descending to a larger level of 1.2327, where I recommend fixing the profit. With growth above the level of 1.2375, sales can be paid attention to the levels of 1.2406 and especially from 1.2446.

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