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To open long positions for EUR / USD, you need:
Yesterday's breakthrough of large resistance has led to new highs, but today, it is necessary to act with caution. Only a breakout and consolidation above the resistance level of 1.1788 will lead to a new upward wave with the aim of testing a maximum of 1.1830 and 1.1866, where I recommend fixing the profits. A more optimal scenario for opening long positions in euros can be traced to the support area of 1.1755, when there is a false breakdown there, or to a rebound from 1.1718. When purchasing above 1.1788, pay attention to the MACD indicator, on which a divergence can be formed, which will limit the upside potential.
To open short positions for EUR / USD, you need:
Sellers will try to form a false breakdown from the level of 1.1788, and a return to it, confirming the divergence on the MACD indicator, will be a good signal for the opening of short positions in order to update support 1.1755 and return to 1.1718, where I recommend fixing the profits. In the case of good fundamental statistics, which is expected today in the euro area in the first half of the day, and the breakdown of resistance at 1.1788, I recommend returning to EUR / USD sales only after updating the highs around 1.1830 and 1.1866.
Indicator signals:
Moving Averages
The 30-day moving average and the 50-day average are directed upward, indicating a continuation of the upward trend.
Bollinger Bands
The growth of the euro may be limited to the upper boundary of the bands. Considering new purchases is best after upgrading the lower boundary of Bollinger Bands around 1.1740.
Description of indicators
MA (average sliding) 50 days - yellow
MA (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
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