To open long positions on EUR / USD pair, you need:

Euro buyers were not allowed above the resistance of 1.1409 to which I paid attention in my morning forecast, which led to a decrease in the pair. The upward potential was limited due to the fact that the European Commission recommended today that the procedure for excessive deficit be applied to Italy. Now, the EU has two weeks to make a decision. As for new purchases of the euro, the support level of 1.1365 showed itself very well in the first half of the day. The task for the second half of the day will be a breakthrough and consolidation above the resistance of 1.1409, which will lead to a larger increase in the euro in the area of the maximum of the week 1.1468, where I recommend taking profits. In the event of a further decline in the euro, it is best to rely on purchases to rebound from a minimum of 1.1329.

To open short positions on EUR / USD pair, you need:

Sellers have worked well at the resistance level of 1.1409, where I recommended opening short positions in the morning for a rebound. The main task of the bears in the afternoon will be a breakthrough and consolidation below 1.1365 support, which will lead to the formation of a new downward wave with the updating of minima in the area of 1.1329 and 1.1286, where I recommend to fix profits. In the case of EUR / USD growth above resistance 1.1409, it is best to consider new short positions to rebound from a weekly high of 1.1468.

Indicator signals:

Moving averages

Trade is conducted in the area of 30- and 50-day moving averages, which indicates the lateral nature of the market.

Bollinger bands

In the case of the euro decline in the afternoon, long positions can be viewed after the test of the lower border of the Bollinger Bands indicator channel in the 1.1355 area.

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