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To open long positions on EURUSD, you need:
Data on the eurozone and consumer prices allowed bulls to hold their positions in the first half of the day, however, from a technical point of view, the situation has not changed much. At the moment, buyers of the euro are trying to break above the resistance of 1.1036, as there was no reaction to the good data on the growth of retail sales from buyers of the US dollar. A break of 1.1036 will lead to an update of the highs in the area of 1.1058 and 1.101, where I recommend taking the profits. In the scenario of a downward movement in the second half of the day, it is best to consider new long positions from the support of 1.1010 or buy immediately on the rebound from the minimum of 1.0990.
To open short positions on EURUSD, you need:
Sellers will not be in a hurry to return to the market, as even strong retail sales data did not lead to a decrease in the EUR/USD pair. In the second half of the day, I recommend focusing on short positions only after updating the maximum of 1.1058 and forming a false breakdown there or sell immediately for a rebound from the larger level of 1.1081. The main task of the bears will be to close the day under the resistance of 1.1036, which now coincides with the upper limit of the downward price channel formed on November 4 this year.
Indicator signals:
Moving Averages
Trading is conducted above 30 and 50 moving averages, which indicates the continuation of the upward correction.
Bollinger Bands
If the euro falls in the second half of the day, the lower border of the indicator around 1.1010 will act as support.
Description of indicators
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