To open long positions for EUR / USD pair, you need:
While the trade is above the level of 1.2119, euro buyers can count on the continuation of the upward correction with the resistance level update at around 1.2160. The main target is 1.2199, where fixing profits are recommended. If the euro falls below 1.2119 in the first half of the day, you can go back to the rebound from 1.2077.
To open short positions for EUR / USD pair, you need:
Bears will return to the market on condition of a consolidation under the support level of 1.2119, which will lead to a new wave of sales to test the area of 1.2077 and further exit to monthly lows around 1.2033 and 1.1987. In case of growth of the euro in the first half of the day, short positions can be returned on a false breakdown from 1.2160, or on a rebound from 1.2199.
Indicators description
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
