EUR / USD
To open long positions for EUR / USD, you need:
The single European currency is expected to return to buyers only after a consolidation above the 1.2213 level, which will lead to a larger upward correction towards the area of 1.2254 and may even affect the area of 1.2297, where it is recommended to fix profits. In case of a decline in the euro during the first half of the day, new long positions can only be sought after the formation of a false breakout at 1.2171 or a rebound from 1.2127.
To open short positions for EUR / USD, you need:
The formation of a false breakout at 1.2213 and returning to this level will be the first signal to short positions in the euro, with the main goal of reducing and consolidating under the important support 1.2171 level, the breakthrough of which will lead to larger sales with an update of 1.2127 and an exit at 1.2088, where it is recommended to fix profits. In case of a growth above the 1.2213 region, the best way to sell EUR / USD pair is to return to a rebound from 1.2254.
Indicator description
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
* The presented market analysis is informative and does not constitute a guide to the transaction.
