EUR / USD
To open long positions for EUR / USD, you need:
It is best to consider the new purchase of the euro after the formation of a false breakdown at 1.2372, and otherwise open long positions. It is recommended to rebound only from support 1.2333. Today, the main goal of buyers is to maintain the trend and the closing of the day will be on top of the support at 1.2372.
To open short positions for EUR / USD, you need:
A series of test at the 1.2372 level will lead to a breakdown of the support level and sales of the EUR / USD in the areas 1.2333 and 1.2287, where it is recommended to fix profits. If the single European currency increases during the second half of the day, short positions can be considered after the renewal of resistance at 1.2428.
Indicators description
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
* The presented market analysis is informative and does not constitute a guide to the transaction.
