To open long positions on EURUSD, you need:
From a technical point of view, there were no changes. Buyers failed to reach the resistance of 1.1347 to form anything on it. Sellers did not reach the support level of 1.1295, where they could expect a false breakout. Low volatility in EUR/USD may continue in the second half of the day due to the lack of fundamental statistics. Buyers will still aim for a breakout and consolidation above the resistance of 1.1347, which will lead to a larger upward trend in the area of the maximum of 1.1395 and 1.1430, where I recommend fixing the profits. In the case of a downward correction of the pair in the second half of the day, only the formation of a false breakout in the support area of 1.1295 will be a signal to open long positions. I recommend buying EUR/USD immediately for a rebound only from a minimum of 1.1257, based on a correction of 30-40 points within a day.
To open short positions on EURUSD, you need:
The task of sellers has also not changed. They need to return the range of 1.1295, however, it is best to open short positions from it only after fixing under this area. Only such a scenario will return EUR/USD to the area of the minimum of 1.1257 and allow you to count on updating the support of 1.1222, where I recommend fixing the profits. If the bulls continue to be active, then it is best to look at short positions only after forming a false breakout at the level of 1.1347, which they did not reach today in the first half of the day. But you can only sell EUR/USD immediately on a rebound from a larger maximum of 1.1395, counting on a correction of 25-30 points within the day.
Signals of indicators:
Trading is just above the 30 and 50 daily moving averages, which indicates the sideways nature of the market.
Note: The period and prices of moving averages are considered by the author on the hourly chart H1 and differ from the general definition of the classic daily moving averages on the daily chart D1.
A break in the lower border of the indicator at 1.1295 will increase the pressure on the euro. Growth above the upper limit at 1.1335 will lead to bullish momentum.
Description of indicators
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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