To open long positions for EURUSD, it is required:
In order to restore the growth of the euro, buyers need to consolidate above the resistance level of 1.2279, which they lost in the morning. Only from there will you be be able to count on the repeated renewal of Wednesday's high with a test of resistance at 1.2308, and a further goal will be to update the level of 1.2329 with an exit at 1.2358, where I recommend locking in profits. In the event of a decline below the support of 1.2250, I advise to return to long positions in euros on a false breakdown from 1.2220, or on a rebound from 1.2190.
To open short positions for EURUSD, it is required:
The next generation of false breakdown and a return to 1.2279, or consolidation below support at 1.2250, will lead to a new wave of selling the European currency with the main goal of reaching the level of 1.2220, and then to upgrade support of 1.2190, where I recommend locking in profits. If the euro rises in the second half of the day above 1.2279, I recommend that you search for short positions after updating resistance at 1.2308, or to rebound from 1.2329.
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
