To open long positions on EURUSD, it is required:
The main task of the buyers for the first half of the day is to return and consolidate at the level of resistance 1.2321, from which it will be possible to depend on the repeated update of yesterday's high with resistance test 1.2358. A further target is to update the level of 1.2380, where it is recommended to fix profits. In case of unsuccessful fastening on 1.2321, long positions can be searched for a false breakdown in the 1.2285 area or on a rebound from 1.2250.
To open short positions on EURUSD, it is required:
The formation of a false breakout and a return to the level of 1.2321 will lead to a new wave of selling of the European currency, while the consolidation below support 1.2285 will serve as an additional signal to increase short positions in the euro with a view to further reducing to the area of 1.2253, where it is recommended fixing profits. In the case of a breakout above 1.2321, it is recommended to look for short positions after updating resistance 1.2358 or on a rebound from 1.2380.
Descriptors:
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
