To open long positions for EURUSD, you need:
The first test level of 1.1742 is where buyers took place in the morning. However, as it was recommended, we can only count on the breakdown of the level and the yield higher to the resistance level of 1.1786. This is only possible with the repeated test and fixing. In case of a decline in the euro in the afternoon, it is recommended to return to long positions on a false breakdown of the support level of 1.1696 or on a rebound from 1.1664.
To open short positions for EURUSD, you need:
The bears have been selling from the resistance level of 1.1742 and while the trade is conducted below this area, you can count on the repeated test of the support level of 1.1696. The breakdown of this level will lead to a larger sale to the area of lows of the month at 1.1664. In case of growth above the level of 1.1742. The euro can be sold on a rebound from 1.1786.
Description of indicators
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
