FX.co ★ Trading plan for the European session on April 12 EUR / USD

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

For the buyers, it is very important to return in the morning to the resistance level of 1.2375, only above which it will be possible to count on a repeated attempt of growth in the range of new highs around 1.2410 and 1.2446. If the euro falls below the support level of 1.2349, I recommend returning to long positions only after updating the level of 1.2327 or to rebound from 1.2305.

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

While the trade is below 1.2375, the pressure on the euro will continue, and the failure to secure and return to this level will be an additional signal for opening short positions in the 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 profits. With growth above 1.2375, sales can be paid attention to levels of 1.2410 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