To open long positions for EUR / USD pair, you need:
A false breakdown and return to support level of 1.1980 in the first half of the day will be a good signal for the opening of long positions in euros, in consideration of correction to the resistance area of 1.2023. Consolidation on which will lead to a larger upward trend, with the renewal of resistance levels at 1.2062 and 1.2102. In case of a decline in the euro, purchases can be seen after testing the support at 1.1940 and 1.1900.
To open short positions for EUR / USD pair, you need:
The rush consolidation below support 1.1980 will lead to a new wave of sales for the European currency, testing yesterday's low around 1.1940 and further exiting to the support area of 1.1900, where fixing profits are recommended. f the euro rises in the morning, a false breakout from 1.2023 will also signal for sales. Otherwise, I recommend selling only for a rebound from 1.2062.
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
