To open long positions on EURUSD it is required:
Buyers managed to get close to the resistance of 1.1607, on which the further upward trend will depend. Only consolidation above this level will lead the euro to a larger upward correction with an update of the level of 1.1644, where it is recommended to take profits. In case of a fall in the pair in the second half of the day, it is possible to return to the rebound from the support of 1.1549.
To open long positions on EURUSD it is required:
An unsuccessful consolidation above resistance 1.1607 with a return to this level will be the first signal for the opening of short positions in euro with the main goal of reducing and securing below the week low in the support area 1.1549, which will lead to further trend movement of the euro in the area of 1.1482 and 1.1440, where it is recommended to take profits. In the case of growth above 1.1607 in the afternoon, considering new short positions for the euro is best after a 30 day moving average test or a rebound from resistance 1.1644.
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
