FX.co ★ Trading plan for the US session on June 11 for the EUR/USD

To open long positions on EURUSD it is required:

In the first half of the day, buyers were unable to catch hold of resistance at 1.1819. For the second half of the day, the task is to keep the level of support 1.1768 and create a false breakdown on it, which will lead to EUR/USD returning to the area of daily highs, and then to the exit to resistance 1.1869. In the case of a decline under the level of 1.1768, long positions in the euro can be expected to rebound from 1.1730.

To open short positions on EURUSD it is required:

While the trade is below 1.1819, the pressure on the euro will continue. The break and consolidation below 1.1768 will lead to a further decrease in the euro to the area of the lower border of the side channel 1.1730, where I recommend fixing the profit. In the case of an upward correction in the afternoon, sales can be made on a false breakout from 1.1819 and on a rebound from 1.1869.

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