Source: Forex Analysis
To open long positions for EUR / USD, you need:
The buyers managed to hold above the level of 1.1693 and create a false breakdown there once again. Now, the task for the second half of the day will be a breakthrough and consolidation above the resistance level of 1.1742, which will lead to an increase in the region of new highs of 1.1786, where I recommend fixing the profits. In the case of a decline in the euro, you can count on purchases after the support test of 1.1664.
To open short positions for EUR / USD, you need:
The formation of a false breakout and a return to the level of 1.1742 will be the first signal for the opening of short positions in euros, counting on a second test and breaking support of 1.1693, which will lead to the continuation of a downward trend in the region of new lows of 1.1663 and 1.1639, where I recommend fixing the profits. In the case of growth above 1.1742, the euro can be sold for a rebound of 1.1786.
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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