To open long positions for EURUSD, it is required:
The buyers were steady above the morning level of 1.2328, and now their next target is a resistance in the region of 1.2358, which can be reached after the release of data from the United States. In that level, I recommend locking in profit on long positions. In the event of a decline to the level of 1.2328 in the afternoon, it would be best to buy the euro after a return to the rebound from 1.2285.
To open short positions for EURUSD, it is required:
A return to a support of 1.2328 will lead to a selling of the euro, and the main target of the bears will be the area of 1.2285, where I recommend locking in profits. In the event of a growth in the EUR/USD in the second half of the day, sales can be returned to a rebound from 1.2358.
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
