FX.co ★ Trading plan for the US session on June 8 for the EUR/USD

To open long positions on EURUSD it is required:

Buyers expectedly retreated, and now the entire calculation is at support level 1.1734. While the trade is above this range, a correction to the resistance area 1.1773 is quite realistic, and a break above will quickly lead to a return to the area of the highs of the day with an update of 1.1819, where it is recommended recording profits. In the event of a further decline in the euro, buying can be made on the rebound of 1.1695.

To open short positions on EURUSD it is required:

Repeated test of 1.1734 may lead to breakdown and consolidation, which will cause a sellout of the euro to the support area 1.1695, where it is recommended recording profits. In the case of an upward correction in the afternoon, selling can be made on a false breakout from 1.1773 and on a rebound from 1.1819.

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