Source: Forex Analysis
To open long positions for EUR / USD, you need:
The situation has not changed. Euro buyers still need to return to the resistance level of 1.1776, above which a larger upward wave will lead to the renewal of yesterday’s highs around 1.1821. The main goal for long positions will be to go beyond 1.1821 and update the area of 1.1869, where I recommend fixing the profits. In the case of a decrease, you can buy the euro by forming a false breakout in the area of 1.1730, or on a rebound from the larger areas of 1.1692 and 1.y1657.
To open short positions for EUR / USD, you need:
Failure to secure above 1.1776 with a return to this level will be the first signal for the opening of short positions in euros with the main goal of breakdown and consolidation below the support level of 1.1730, which will lead to the formation of a larger downward wave to 1.1692 and 1.1657, where I recommend fixing the profits. In the case of growth above 1.1776, selling the euro can be on the rebound from 1.1821 and 1.1869.
Description of indicators
MA (average sliding) 50 days – yellow
MA (average sliding) 30 days – green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
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