To open long positions for EURUSD, you need:
Buyers simply need to stay above the support level of 1.2204, as further upward movement in the pair depends on it. If the growth from 1.2204 is resumed, then it is recommended to add to long positions only after the break and consolidation above the level of 1.2237 with the main goal of exit at 1.2267, where it is recommended to lock in profits. In case of a breakthrough at the level of 1.2204, the euro can return to rebound from 1.2158 and 1.2127.
To open short positions for EURUSD, you need:
The bears will need to consolidate today below the support level of 1.2204, which will lead to a new wave of sales, with a break in the week's lows to around the level of 1.2182 and a further decline to the support level of 1.2158 and 1.2127, where it is recommended to lock in profits. If the euro rises above the level of 1.2237 in the first half of the day, it is possible to expect sales after the renewal of the resistance area at 1.2267 and 1.2288.
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
