FX.co ★ Trading plan for the European session on April 13 EUR / USD

To open long positions for EURUSD, you need:

Today, it is very important for buyers to return in the morning to the resistance level of 1.2336. Going above this level is the only way you can expect to repeat growth in the range of weekly highs at the areas of 1.2370 and 1.2405, where it is recommended to lock in profits. If the pressure on the euro continues, then opening new long positions is best after upgrading the support level of 1.2291 or on a rebound from 1.2260.

To open short positions for EURUSD, you need:

While the trade is below the level of 1.2336, the pressure on the euro will continue. 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 1.2291 and reaching the final weekly support level at 1.2258, where it is recommended to lock in profits. With growth above 1.2336 on sales, selling the euro can immediately be done on a rebound from the resistance level of 1.2370.

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