FX.co ★ Trading plan for the US session on May 29 EUR/USD

To open long positions for EURUSD, it is required:

Purchases of the euro failed again, and the movement continues to develop on the trend. It is best to consider new long positions after the formation of a false breakout at the level of 1.1513 or on a rebound from a new low in the region of 1.1482 and 1.1440. In the event of a return to the resistance of 1.1573 in the afternoon, the upward correction may be delayed to a range of 1.1636.

To open short positions for EURUSD, it is required:

As long as the trade is below 1.1573, the pressure on the euro will continue, and an unsuccessful attempt to consolidate above this range in the afternoon will be a good signal to new sales of the euro in the expectation of new lows in the area of 1.1513 and 1.1482. The main goal will be the support level of 1.1440.

Indicator description

• Moving Average (average sliding) 50 days - yellow
• Moving Average (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20