FX.co ★ Trading plan for the European session on June 4 EUR / USD

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

Consider buying euro can be after a breakthrough and consolidation on the resistance level of 1.1709, which opens the possibility for further upward correction to areas of 1.1775 and 1.1828, where I recommend fixing the profits. Forming a false breakdown of the support level of 1.1653 will also be an additional signal to buy. Otherwise, you can open long positions on a rebound from 1.1597.

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

Failure to consolidate above the level of 1.1709 with a return to this level will be the first signal for the opening of short positions in euros with the main goal of returning to the support level of 1.1653, where the pressure on the pair will increase even more, which will lead to a large area of 1.1597, where I recommend fixing the profits. In the case of growth above the level of 1.1709 in the morning, sales can be searched from the levels of 1.1775 and 1.1828.

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