FX.co ★ Trading plan for the European session on 25 May EUR / USD

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

While the trade is above the level of 1.1693, euro buyers can expect to go beyond the limits of the large resistance of 1.1742, which yesterday failed to break through. The formation of a false breakdown at 1.1693 would be a good signal to buy the euro. The main goal remains to update the level of 1.1786, where I recommend fixing the profits. In the event of a decline under the level of 1.1693 in the morning, buying the euro can be on the rebound from 1.1664 and 1.1639.

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

The bears will try to gain a foothold below the support level of 1.1693, which could lead to new monthly lows around 1.1664 and 1.1639, where I recommend fixing the profits. In the case of growth above 1.1742 in the morning, selling the euro can be on the rebound from 1.1786.

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