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To open long positions on EURUSD, you need:
Euro buyers coped with the task and did not let the pair below the lows of Friday last week, and the divergence on the MACD indicator, to which I paid attention, worked itself out. Now, the task of the bulls is the resistance level of 1.1235, fixing on which will allow us to count on updating the maximum of 1.1266, where I recommend fixing the profit. The absence of important fundamental statistics will help the bulls to continue their growth. In the scenario of EUR/USD return in the second half of the day under the level of 1.1235, you can look at long positions from the minimum of 1.1205.
To open short positions on EURUSD, you need:
As mentioned above, the lack of important fundamental statistics did not allow the bears to keep the trend down. At the moment, their task is to return to the level of 1.1235, which will increase the pressure on the pair and lead to a re-decrease in the area of the low of the day to the area of 1.1205, where I recommend taking the profits. In the EUR/USD growth scenario, it is possible to sell on a rebound from the resistance of 1.1266, where it will be possible to build the upper limit of the new downward channel formed last week.
Indicator signals:
Moving Averages
Trading is below 30 and 50 moving averages, which now act as resistance. Their breakthrough will lead to the completion of the downward trend.
Bollinger Bands
In the scenario of a repeated decline of the euro in the afternoon, the lower limit of the indicator in the area of 1.1200 will act as support.
Description of indicators
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