To open long positions on EURUSD, you need:
In the first half of the day, amid the absence of important fundamental statistics, the situation in the technical picture did not change, and the euro showed intraday volatility below 20 points. At the moment, all the focus remains on the level of 1.1090, which now acts as a resistance. Fixing above this range will lead to a larger upward correction in the area of the maximum of 1.121, above which it will be quite difficult to breakthrough. If the pressure on EUR/USD persists, it is best to return to long positions only on a rebound from the support of 1.1060, provided that divergence is formed on the MACD indicator, or from a larger minimum of 1.1041.
To open short positions on EURUSD you need:
Sellers will protect the resistance of 1.1090, and the formation of a false breakout there will be a direct signal to open short positions in the continuation of the downward trend to update the lows of 1.1060 and 1.1041, where a bullish divergence can be formed on the MACD indicator, so I recommend taking profits there. In the absence of pressure on the euro around 1.1090, it is best to postpone sales until the release of fundamental statistics on the American economy, namely the number of orders for long-term goods, and open short positions immediately on the rebound from the maximum of 1.121, as a breakthrough above this level will negate all Friday's efforts of euro sellers.
Indicator signals:
Moving Averages
Trading is conducted below 30 and 50 moving averages, which now act as resistance.
Bollinger Bands
Low volatility does not give signals to enter the market.
Description of indicators
- Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 50. The graph is marked in yellow.
- Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 30. The graph is marked in green.
- MACD indicator (Moving Average Convergence / Divergence - Moving Average Convergence / Divergence). Fast EMA period 12. Slow EMA period 26. SMA period 9.
- Bollinger Bands (Bollinger Bands). Period 20.
