To open long positions for EUR / USD, you need:
The main task of buyers for the first half of the day will be the formation of a false breakdown at the level of 1.2271, which will allow to expect to return to the resistance area of 1.2297, above which the highs of the week open in the areas of 1.2329 and 1.2358, where I recommend fixing the profits. In the case of a decline in the euro under the support of 1.2271, purchases can be sought in the area of 1.2240 or on a rebound from 1.2195.
To open short positions for EUR / USD, you need:
The return to the intermediate support level of 1.2271 will lead to the formation of the next wave of the EUR / USD decline in order to reach new monthly lows around 1.2240 and 1.2195, where I recommend fixing the profits. In the case of good data on inflation and the growth of the euro in the morning, sales are best returned after upgrading 1.2297 or a rebound from 1.2329.
Indicators
MA (average sliding) 50 days - yellow
MA (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
