FX.co ★ Trading plan for the US session on June 5 for the EUR/USD

To open long positions on EURUSD it is required:

Return to the purchase of the euro is best after a breakthrough and consolidation at the level of resistance 1.1685, which will lead to a repeated test of the high of the day in the area of 1.1713, where it is recommended recording profits. In case of further decline, a false breakout in the area of 1.1649, will be the first signal to the beginning of the long positions, or already support the test of 1.1620, with buying immediately on the rebound.

To open short positions on EURUSD it is required:

As long as the trade is below resistance level 1.1685, the pressure on the euro will continue, which may lead to a further decline in the support area 1.1649 and 1.1620, where it is recommend fixing profits. In case of EUR / USD growth in the second half of the day, short positions can be seen from the highs around 1.1713.

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