To open long positions on EURUSD it is required:
Consider the new buying of the euro best after a decline in the morning by the middle of the downward channel with the update support 1.1752 and the formation there of a false breakdown. Otherwise, opening long positions is best for a rebound from 1.1720. Break and consolidation above 1.1818 will also be a definite signal for further growth of the euro with resistance test 1.1850, where it is recommended locking in profit.
To open short positions on EURUSD it is required:
Only the formation of a false breakdown at 1.1818 or an unsuccessful fastening at current highs of today will be the first signal for euro selling with a return to the 1.1752 support area. However, the main goal of the sellers will be to test and update the support 1.1720, where it is recommended fixing the profit. If the euro rises above 1.1818, you can sell immediately on a rebound from 1.1850.
Description of indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
