To open long positions for EUR / USD, you need:
The situation of the European currency has not changed since yesterday. It is best to consider new euro purchases after the formation of a false breakout at the 1.1594 level, which can lead to growth and renewal of resistance 1.1633, and consolidation above which will open a direct course to the maximum in the 1.1686 area, where it is recommended to fix profits. In the event of a further decline in the EUR/USD, long positions can be opened immediately for a rebound from 1.1538 support.
To open short positions for EUR / USD, you need:
Short positions in the European currency are best seen after the formation of a false breakdown at 1.1633, or immediately at a rebound from resistance 1.1686. The main task of sellers for the first half of the day will be consolidation below the 1.1594 support. This will lead to a new wave of selling of the European currency with a test of a minimum of 1.1538, where it is recommended to fix profits.
Indicator 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
* The presented market analysis is informative and does not constitute a guide to the transaction.
