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To open long positions for EUR / USD pair, you need:
Buyers of the European currency need to be extremely cautious. It is better to consider new long positions after returning and consolidating above the middle of the channel at 1.1689, which will lead to the update of this week's highs around 1.1722, where fixing profits are recommended. In the event that bulls can not climb above 1.1689, you can look at long positions at a false breakdown from the lower border of the side channel at 1.1656 or open long positions pf EUR / USD pair for a rebound from 1.1620.
To open short positions for EUR / USD pair, you need:
Sellers in the first half of the day will try to keep the resistance level of 1.1689. The formation of a false breakout on it will be a direct signal to the opening of short positions in EUR / USD with the aim of re-testing the lower border of the channel 1.1656 and the breakdown of which will lead to an immediate sellout of the euro with a yield to the lows in areas 1.1620 and 1.1591. In the case of growth above 1.1689 in the European session, sales can be returned immediately to a rebound when approaching resistance 1.1722.
Indicator signals:
Moving Averages
The 30-day moving average is on par with the 50-day average, which indicates the lateral nature of the market.
Bollinger Bands
The return of the price under the average border of the Bollinger Bands will be a signal to the euro sales. The upper border is in the area of 1.1709, from which you can also see short positions.
Description of indicators
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