To open long positions for EURUSD, you need:
While the trade is above the level of 1.2379, buyers can expect to update the weekly maximum in the resistance area of 1.2412. Only a fixation on this range will allow us to talk about a new upward wave with a view of reaching the resistance level of 1.2446 and updating to the level of 1.2476, where it is recommended to lock in profits. In case of a decline under the support level of 1.2379, the best way to buy the euro is to return after the test in the areas of 1.2379 and 1.2354.
To open short positions for EURUSD, you need:
Only the formation of a false breakout at resistance level of 1.2412 will form some downward correction in EUR / USD with a return to the support area of 1.2379. In a different scenario for sales, selling the euro is best after a return on a rebound from 1.2446. The fixation at an important support level of 1.2379 will also put pressure on the European currency with the update of the area of 1.2354 and 1.2327.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
