To open long positions on EUR / USD pair, you need:
Buyers failed to stay above the support of 1.1396 in the morning, which led to renewed pressure on the euro. You can count on long positions on the rebound from the large support of 1.1358, however, the main task will be to return and fix above the resistance of 1.1396, which will lead to a larger upward correction to the maximum of this week in the area of 1.1439, where I recommend taking profits.
To open short positions on EURUSD you need:
As long as trading is conducted below 1.1396, the pressure on the euro will continue. The absence of important fundamental statistics may save the bear market, which will lead EUR/USD to the area of 1.1358 minimum, where I recommend taking profits. If the euro rises above 1.1396, short positions can be opened immediately to rebound from a maximum of 1.1439.
Indicator signals:
Moving averages
Trade has moved to the area of 30- and 50-day averages, which indicates the lateral nature of the market.
Bollinger bands
If the euro rises in the second half of the day, it is best to return to sales from the upper border of the Bollinger Bands indicator around 1.1427.Video forecast for December 26
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
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