To open long positions on EURUSD, it is required:
Consider buying the euro best after a decline to a new support level 1.2242, which can be formed by a divergence in the MACD indicator. In the absence of rapid growth of the euro in this range, it is possible to open long positions immediately at a rebound from the low around 1.2217. The upside potential of the EUR/USD pair today will be limited by resistance 1.2311.
To open short positions on EURUSD, it is required:
The formation of a false breakout at 1.2286, or consolidation below 1.2265, will be good signals for the opening of short positions in euros with the first target of reducing to the support area 1.2242, and the main purpose of updating the weekly lows in the 1.2217 area, where it is recommended fixing profits. If the euro rises above resistance at 1.2286 in the morning, one can immediately sell on a rebound from 1.2311.
Descriptors
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
