To open long positions for EURUSD, it is required:
Buyers of the British pound, in order to maintain the upward trend, it is necessary to return to the resistance level of 1.4085, above which there are real prospects for updating the area of 1.4118 and 1.4147. However, this will happen only against the background of good data on the service sector. In case the pound declines in the morning, purchases can be seen at the lower border of the side channel of 1.4010, or at a rebound of 1.3971.
To open short positions for EURUSD, it is required:
While the trade is below 1.4085, the pressure on the British pound will continue. Weak data on the service sector will lead to consolidation below the middle of the lateral channel of 1.4050, which will allow us to expect an update of the larger support at 1.4010 with the final exit at 1.3971, where I recommend locking in the profit. In case of growth above 1.4085, selling of the pound can be returned on the levels of 1.4118 and 1.4147.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
