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

To open long positions on EURUSD it is required:

The buyers were fixed above the morning resistance level, which has now transformed into a support in the area of 1.1717. While the trade is higher, we can expect the demand for euro to continue and reach a new high at 1.1775, where it is recommended recording the profit. In the case of a decline under the level of 1.1717, it is better to return to buying immediately on the rebound from 1.1649.

To open short positions on EURUSD it is required:

Sellers will expect to return to support level 1.1717, which could instantly push the European currency into the morning lows area of 1.1649, where it is recommended recording profits. In case of further growth of the euro, you can sell immediately on a rebound from 1.1775.

Description of indicators

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