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To open long positions for EURUSD, you need:
The situation after the first half of the day has not changed. Buyers retained the support level of 1.1987 and formed a rebound upward. However, no larger correction occurred. Only a consolidation above the level of 1.2023 will lead to a larger growth of the euro in the resistance areas of 1.2062 and 1.2102, where it is recommended to lock in profits. In the event of a breakthrough in the support level of 1.1987, buying is best only after updating the areas of 1.1940 and 1.1900.
To open short positions for EURUSD, you need:
The bears formed a false breakdown at 1.2023, which was spoken about in the morning review. Now, we are aiming for a breakthrough at the support level of 1.1987, which will lead to a new wave of sales of the European currency with a test of new monthly lows in the areas of 1.1940 and 1.1900, where it is recommended to lock in profits. In case of euro growth in the second half of the day, selling is only recommended on a rebound from 1.2062.
Indicator description:
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
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