FX.co ★ Trading plan for the European session on May 17 EUR / USD

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

Today, the buyers need to get out at the resistance level of 1.1834, which will lead to a larger upward trend, already with the renewal of resistance 1.1878 and test 1.1929, where I recommend fixing the profits. In the case of a decline in the euro in the morning, purchases can be sought on a false breakout in the 1.1799 area or on a rebound from 1.1765.

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

An unsuccessful consolidation and return to the level of 1.1834 will be the first signal for the opening of short positions in the euro in terms of reduction and test of the support area of 1.1799. The breakthrough of which will lead to the next return to the district at least the month of 1.1765, where I recommend fixing the profits. In the case of growth above 1.1834 in the morning, sales can be returned to the rebound from 1.1878 and 1.1929.

Description of 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