To open long positions on EUR / USD pair, you need:
It was not possible to break above resistance 1.1456, which led to the expected decline of the euro in the area of support 1.1426. I indicated this in detail in my morning review . However, as we can see, the demand at 1.1426 is also absent. It is best to open new long positions in EUR / USD after reducing and updating the support level of 1.1393 or to rebound from a minimum of 1.1361. The main task of the euro buyers in the afternoon will be a return to the resistance of 1.1426, which will maintain the upward potential.
To open short positions on EUR / USD pair, you need:
The bears did not let the pair go above the resistance of 1.1456 and the formation of a false breakdown there, to which I paid attention in my morning forecast, led to a decline in the euro. The breakthrough of support for 1.1426 will allow sellers to count on a further downward correction in the area of minimums of 1.1393 and 1.1361, where I recommend taking profits. In case of EUR / USD growth in the second half of the day, it is possible to return to short positions on a rebound from the resistance of 1.1456.
Indicator signals:
Moving averages
Trade gradually moves under the 30- and 50-day moving average, which can lead to a change in the market trend to a downward one.
Bollinger bands
Trade gradually moves under the 30- and 50-day moving average, which can lead to a change in the market trend to a downward one.
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
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