To open long positions for EURUSD, it is required:
Buyers still managed to draw a false breakdown at the level of 1.2345 and continued to push the euro upwards into the area of a resistance of 1.2404. A steadying above this range will allow you to count on new highs in the area of 1.2458, where I recommend locking in profits. In the event of a decline in the afternoon, you can consider long positions after a correction to 1.2348.
To open short positions for EURUSD, it is required:
Sellers will only be bold enough to prove themselves after the renewal of a resistance of 1.2404, provided that there is a false breakdown in that area. If an immediate selling of the euro from this level does not happen, I recommend postponing short positions to a test of a larger area of 1.2458. The main goal for short positions will be a return to 1.2348.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
