4-hour timeframe

Technical data:

Senior channel linear regression: direction - up.

Junior channel linear regression: direction - up.

Moving average (20; smoothed) - up.

SCI: -45.3785

Explanation:

The nearest support levels:

S1 - 1,1353

S2 - 1,1230

S3 - 1,1108

The nearest resistance levels:

R1 - 1,1475

R2 - 1,1597

R3 - 1,1719

Trading recommendations:

Having considered the EUR / USD pair, we conclude that long orders can be applied to the first target at 1.1475 and the second target at 1.1597.

Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.

Explanation of illustration:

Senior channel linear regression - blue lines unidirectional movement.

Junior channel linear regression - purple line unidirectional movement.

CCI - blue line in the indicator window.

Moving average (20; smoothed) - blue line on the chart.

Murray levels - multicolored horizontal stripes.