To open long positions on EUR / USD pair, you need:
The buyers managed in the first half of the day with the task of fixing above the resistance of 1.1323, which I paid attention. While trading will be conducted above this range, the demand for the euro will remain that will lead to an update of the highs around 1.1359 and 1.1394, where I recommend taking profits. In the case of a return below the support level of 1.1323, it is best to return to long positions immediately to a rebound from the 1.1282 low.
To open short positions on EUR / USD pair, you need:
The bears need to return under the support level of 1.1323, which will allow the sales of the euro to resume to the support area of 1.1282, where I recommend taking profits. Today, the absence of important fundamental statistics in the second half of the day and a low trading volume can save demand for the euro. In this scenario, it is best to consider short positions on a rebound from the maximum of 1.1359.
More in the video forecast for February 18
Indicator signals:
Moving averages
Trade is conducted above the 30- and 50- medium moving, which indicates a possible continuation of the growth of the euro in the short term.
Bollinger bands
Growth is limited by the upper limit of the Bollinger Bands indicator around 1.1335. Its breakthrough will lead to a new rising wave in the euro. A downward correction will be limited by the average boundary of the indicator in the area of 1.1305.
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
