Trading Conditions
Products
Tools
To open long positions for EUR / USD, you need:
Purchases in euros can be watched after the formation of a false breakout at the support level of 1.2077, as its breakthrough will lead to a further sell-off of the euro. The main task of buyers for the second half of the day will be to return to the resistance level of 1.2119, from which it will be possible to expect a new upward wave to the area of 1.2160. If the euro falls below the level of 1.2077, a support area of 1.2033 will be accepted for purchases.
To open short positions for EUR / USD, you need:
The lack of demand for support at 1.2077 will be a direct signal for the further sale of the euro with the update of new monthly lows in the areas of 1.2033 and 1.1987, where I recommend fixing the profits. In the case of euro growth in the second half of the day, opening short positions is best for a rebound from 1.2160.
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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