To open long positions on EUR / USD, you need:
The buyers coped with the morning task and managed to keep the support level of 1.1382. However, the main task remains a breakthrough and consolidation above the resistance of 1.1424, which will make it possible to count on a larger uptrend with the update of the maximum of the week around 1.1468, where I recommend fixing the profits. In the event of a decline in the euro under the support level of 1.1382, it is best to return to the rebound from the lows of 1.1339 and 1.1296.
To open short positions on EUR / USD, you need:
In the afternoon, traders will closely monitor the European Central Bank's monetary policy report, and any negative changes may lead to a sell-off of the euro with a break of 1.1382 support, which will collapse EUR / USD to 1.1339 and 1.1296 minimum. In the case of growth after the ECB report, short positions can be returned when a false breakdown is formed in the resistance area of 1.1424. In a different scenario, open short positions in EUR / USD is best to rebound from a maximum of 1.1468.
Indicator signals:
Moving Averages
Trade is conducted in the area of 30- and 50-day moving averages, which indicates the lateral nature of the market.
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
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