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To open long positions on EURUSD you need:
Buyers urgently need a breakthrough resistance of 1.1245, consolidating on which will make it possible for us to count on the continuation of an upward trend with the update of the high of 1.1286, where I recommend taking profits in the first half of the day. A number of reports on inflation and foreign trade balance can put pressure on the euro, so if the resistance fails to consolidate above the resistance of 1.1245, it is best to return to long positions on a false break from an intermediate support of 1.1216 or on a rebound from a low of 1.1180.
To open short positions on EURUSD you need:
Under the euro growth scenario in the first half of the day, the formation of a false breakdown in the resistance area of 1.1245 will be a signal to open short positions in the euro, but the main purpose of the bears will be a low of 1.1216, consolidating below which will push EUR/USD to the support area of 1.1180 and 1.1139, where I recommend to take profit. If inflation data turns out to be better than economists' forecasts, and bulls will be able to push the pair above the 1.1245 resistance in the first half of the day, it is best to open short positions to rebound from a high of 1.1286.
Indicator signals:
Moving averages
Trade is conducted in the region of 30 and 50 moving averages, which indicates a possible continuation of the euro's upward correction.
Bollinger bands
If the euro declines, support will be provided by the lower limit of the indicator in the 1.1216 area, while growth will be limited to the upper limit in the 1.1245 area.
Description of indicators
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