To open long positions for EURUSD, it is required:
Buyers formed a new level of support in the area of 1.2264 and has reached the first morning target in the area of 1.2308. A breakthrough and consolidation above this level will allow you to expect an update of the highs around 1.2333 and 1.2358, where I recommend locking in profits. In case the euro declines, purchases can be returned with a second test of the day's lows in the area of 1.2264.
To open short positions for EURUSD, it is required:
The formation of a false breakout and a return to the level of 1.2308 will be the first signal for the opening of short positions in the EUR/USD pair with the main goal of the decline at 1.2264 and the update of monthly lows in the area of 1.2222. In the event of further growth of the euro above 1.2308, sales can be sought on the test 1.2333 or on 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
