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To open long positions on EUR/USD pair, you need:
The situation in the morning did not change. Consolidation above 1.1211 resistance is required to return to the buyers' market, which will lead to a larger upward correction in the area of yesterday's maximum of 1.1242 and to its updating in the area of 1.1286, where I recommend fixing profits. However, the entire emphasis will be shifted to the Fed's decision. Therefore, in the case of a pair lowering scenario under the support level of 1.1186, you can take a long look at a rebound from the minimum of 1.1161 and 1.1138.
To open short positions on EUR/USD pair, you need:
In the second half of the day, the bears will try to break through the support of 1.1186, which will lead to the preservation of the downtrend and the test of the minimums 1.1161 and 1.1138, where I recommend taking profits. If EUR/USD buyers manage to return to the resistance of 1.1211, then it is best to rely on short positions after updating the maximum of 1.1242 or to rebound from a larger level of 1.1286.
Indicator signals:
Moving averages
Trade is conducted in the region of 30 and 50 moving averages, which is typical of the market before the release of important data.
Bollinger bands
Volatility dropped sharply before the publication of the Fed report.
Description of indicators
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
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