To open long positions for EURUSD, it is required:
Buyers were not able to catch hold of the resistance of 1.2336, and now all attention should be focused on updating a larger support level in the area of 1.2291. A breakthrough could lead to another strong level of 1.2258, where you can open long positions on the euro immediately on the rebound.
To open short positions for EURUSD, it is required:
The formation of a false breakdown, as I mentioned in the morning forecast, in the range of 1.2336, led to the selling of the euro, the main purpose of which is to update yesterday's low in the support area of 1.2291. In case of consolidation under this level during the second half of the day, we can expect a further decline in the EUR/USD with the update in the area of 1.2258.
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
