To open long positions on EUR / USD, you need:
Only the formation of a false breakdown at the support level of 1.1396 will lead to the resumption of demand for the euro and the renewal of the larger resistance of 1.1439. The main goal for long positions in euros will be the return and consolidation above 1.1439, which will lead to a test of maximum 1.1471 and 1.1515. In the case of a decrease in EUR / USD under the support level of 1.1396, it is best to look at long positions for a rebound from 1.1358.
To open short positions on EUR / USD, you need:
Important data today does not come out, which can return to the market of bears. To do this, it is necessary to break through and gain a foothold under the support level of 1.1396, which will lead to a larger sale to the area of 1.1358 and 1.1324, where I recommend fixing the profits. In the case of an upward correction in the first half of the day, it is best to sell the euro after an unsuccessful fixing above 1.1439 or to rebound from a larger resistance of 1.1471.
Indicator signals:
Moving Averages
Trade is conducted in the area of 30-day and 50-day moving averages, which indicates the formation of a side channel before a large weekend.
Bollinger bands
The upward trend is limited by the upper limit of the Bollinger Bands indicator, which is located in the area of 1.1430 and from which you can see sales. In the event of a decline in the euro, support will be provided by the lower limit of the indicator in the area of 1.1385.
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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