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To open long positions on EURUSD, you need:
The bulls did not cope with the morning task, and against the background of the absence of important fundamental statistics on the eurozone, which yesterday helped buyers to hold the market, the pair began to gradually slide down. However, the main movement will take place following a vote in the British Parliament on Brexit. The task of buyers of the euro is now to return to the level of 1.1147, as fixing it again will give the pair an upward momentum that can lead to an update of the highs of the month in the area of 1.1178 and 1.1226, where I recommend taking the profits. If the pressure is further maintained, support will be provided by the level of 1.1116, but it is best to open long positions from there when a false breakdown is formed, but you can buy immediately for a rebound from a minimum of 1.1090.
To open short positions on EURUSD, you need:
The bears are still entrenched below the support of 1.1147 and are trying to push the pair lower to the minimum of 1.1116, where I recommend taking the profits, as the main movement will be based on the results of the Brexit vote. In the second half of the day, the release of important fundamental statistics is also not expected, therefore, with a positive vote, the bulls can quickly win back the level of 1.1147. In this scenario, it is best to consider new short positions after forming a false breakdown near this month's high of 1.1178 or sell EUR/USD immediately on a rebound from the resistance of 1.1226.
Indicator signals:
Moving Averages
Trading is conducted below 30 and 50 moving averages, which indicates the possible formation of a downward trend in the pair.
Bollinger Bands
The breakthrough of the upper limit of the indicator in the area of 1.1161 will provide the market with new buyers of the euro.
Description of indicators
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