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21.07.2017 04:54 AM
Trading plan in the US session on July 20 EUR/USD and GBP/USD

EUR / USD

To open a long position on EURUSD, you need to:

Demand for the euro increased after a speech from ECB President Mario Draghi.

To open a short position on EURUSD, you need to:

I do not recommend selling the euro today.

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GBP / USD

To open a long position on GBPUSD, you need to:

Buyers of the pound will remain in the market while the pair stays above 1.2966, which will update current resistance levels of 1.3014 and 1.3048, where I recommend locking in profits.

To open a short position on GBPUSD, you need to:

Sellers can return to the market only with a return and consolidation option that is below 1.2966, which will open a direct road to the area of weekly support levels of 1.2917 and 1.2863.

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Indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: a fast EMA 12, Slow EMA 26, SMA
  • Bollinger Bands 20
Miroslaw Bawulski,
Analytical expert of InstaForex
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