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To open long positions on EURUSD, you need:
The situation has not changed compared to the morning forecast. It is best to return to long positions on a false breakout from the level of 1.1348, after updating the low of yesterday, or on a rebound from larger support of 1.1317. The main task of buyers will be to return to the resistance of 1.1374, which will keep the lower limit of the current upward channel and continue the growth of the euro in the area of the highs of 1.1400 and 1.1430, where I recommend taking the profit.
To open short positions on EURUSD, you need:
Data on the US economy may make changes in the market. However, it is best to consider short positions after the formation of a false breakout in the resistance area of 1.1374, as it was in the first half of the day, or after a successful breakout and consolidation below the support of 1.1348, which will lead EUR/USD to new lows of 1.1317 and 1.1286, where I recommend taking the profit. In the case of growth above 1.1374, the area of 1.1400 will be a good level for opening short positions.
Indicator signals:
Moving Averages
Trading is below 30 and 50 moving averages, indicating a possible correction of the euro in the afternoon.
Bollinger Bands
The breakthrough of the lower limit of the indicator in the area of 1.1348 will lead to a larger fall of the euro.
Description of indicators
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