To open long positions on EURUSD it is required:
The collapse of the euro led to a test of important support levels. Buyers, at least to stop the downward trend, it is necessary to return to the resistance level 1.1574 in the morning, which can cause an upward correction in the area 1.1607 and 1.1644, where it is recommended recording profits. In the event of a further decline in the euro, only a false breakdown on the support of 1.1533 will stop the downward trend. Otherwise, you can buy on a rebound from 1.1482.
To open short positions on EURUSD it is required:
While the trade is below resistance 1.1574, the pressure on the euro will continue, which will lead to new lows in the area of 1.1533 and 1.1482, where today it is recommended recording profits. In the case of growth above 1.1574 in the morning, EUR/USD selling can be seen in the area of 1.1607 and 1.1644.
Description of indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
