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To open long positions on EURUSD, you need:
Bulls completed the set for the first half of the day and managed to return to the resistance of 1.1075 on the background of good data on the current account balance of the ECB. However, a more important task is to break through this level, which will lead to the demolition of sellers' stop orders and a further upward trend to the highs of 1.1110 and 1.1151, where I recommend fixing the profits. However, the second half of the day is filled with important reports on the US economy, which may put pressure on the pair. In the scenario of EUR/USD decline, it is best to return to long positions on a false breakdown from the support of 1.1031 or buy immediately on a rebound from the minimum of 1.0992.
To open short positions on EURUSD, you need:
It is best to open short positions in EUR/USD after the formation of a false breakdown at 1.1075, which may occur after the release of good fundamental statistics on the US economy. Only this will be the first sell signal, which will push EUR/USD down to the support of 1.1031, and then to the larger level of 1.0992, where I recommend taking the profit. If the bears are unable to protect the resistance of 1.1075, it is best to count on new sales after the pair returns to the previous week's maximum area of 1.1110 or to open short positions immediately on a rebound from 1.1151.
Signals:
Moving Averages
Trading is conducted in the area of 30 and 50 moving averages, which again indicates no market uncertainty.
Bollinger Bands
In the case of a downward correction in the second half of the day, the lower limit of the indicator around 1.1015 will act as support.
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