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To open long positions for EUR / USD pair, you need:
A false breakdown and return to support level of 1.1980 in the first half of the day will be a good signal for the opening of long positions in euros, in consideration of correction to the resistance area of 1.2023. Consolidation on which will lead to a larger upward trend, with the renewal of resistance levels at 1.2062 and 1.2102. In case of a decline in the euro, purchases can be seen after testing the support at 1.1940 and 1.1900.
To open short positions for EUR / USD pair, you need:
The rush consolidation below support 1.1980 will lead to a new wave of sales for the European currency, testing yesterday's low around 1.1940 and further exiting to the support area of 1.1900, where fixing profits are recommended. f the euro rises in the morning, a false breakout from 1.2023 will also signal for sales. Otherwise, I recommend selling only for a rebound from 1.2062.
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