EUR / USD pair
To open long positions for EUR / USD pair, you need:
The formation of a false breakout in the area of intermediate support of 1.2266 or a consolidation above 1.2297 will be good signals in the opening of long positions of the euro, with the main purpose of updating resistance at 1.2344, where fixing profits are recommended. In the case of a decline in the euro in the morning under the level of 1.2266, long positions can be calculated after the test 1.2229, or on a rebound from 1.2192.
To open short positions for EUR / USD pair, you need:
The formation of a false breakout at 1.2297 and a return to this level will be the first signal to short positions in the euro with the main goal of lowering and consolidating under the intermediate support of 1.2266. A larger sale may begin below this level and update towards 1.2229 and 1.2192, where fixing profits are recommended. In case of growth above 1.2297, the best way to sell EUR / USD pair is returning to a rebound from 1.2344.
Indicators 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
