To open long positions on EUR / USD, you need:
Euro buyers are trying to show their active position, and from the very first minutes of the tori we reached resistance at 1.1483. The main task today will be fixing above this range, which will maintain an upward trend and will lead to an update of resistance 1.1515 and 1.1548, where I recommend fixing the profits. In the event of a decline in the euro, long positions can be viewed as a rebound from the support of 1.1445.
To open short positions on EUR / USD, you need:
Today's data on manufacturers' activity in Germany and the Eurozone can help bears, and the formation of a false breakdown at 1.1483 will be a direct signal to euro sales in the area of the middle of the channel of 1.1445, where I recommend fixing the profits. In the case of further growth, short positions in EUR / USD are best to take a closer look at the levels of 1.1515 and 1.1548.
Indicator signals:
Moving Averages
Trade is conducted above the 30-day and 50-day moving averages, which indicates that the demand for the euro remains.
Bollinger bands
Bollinger Bands indicator volatility is very low, which does not give signals on market entry.
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
