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09.05.2018 01:48 AM
Trading plan for the US session on May 8 EUR/USD

To open long positions for EURUSD, it is required:

Buyers missed the support level of 1.1874, and now all hope for a larger area of 1.1830 and 1.1792, where you can open long positions in the euro immediately at a rebound. If the trade returns to the level of 1.1874 in the second half of the day, you can also consider buying the EUR/USD in return for and renewal of resistance at 1.1927, where I recommend locking in profits.

To open short positions for EURUSD, it is required:

An impulse and consolidation below the support of 1.1874 allows us to count on a new wave of selling of the European currency with a test of monthly lows in the areas of 1.1830 and 1.1792, where I recommend locking in profits. In case of a return to the resistance level of 1.1874 in the second half of the day, I recommend that you go back to to selling the EUR/USD at the level of 1.1927.

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Indicator description

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