To open long positions on EURUSD, you need:

Even in the morning forecast, I paid attention to the false breakdown in the resistance area of 1.123, which allows us to count on further growth of the euro. Now, the main task of the bulls is to update the maximum in the area of 1.1151, and exit to a larger resistance of 1.1189, where I recommend taking the profits. Given that only speeches by representatives of the Federal Reserve System are planned for the afternoon, who have recently been constantly talking about the need to further lower interest rates in the United States, pressure on the US dollar may increase, which will lead to a larger increase in the euro. In the scenario of a return to the support level of 1.123, it is best to postpone purchases until the test of a larger minimum of 1.1090.

To open short positions on EURUSD, you need:

The sellers did not cope with the morning task, and now all attention will be focused on the resistance level of 1.1151, from which I recommend opening short positions only if there is a false breakdown. A more acceptable level for sales is seen slightly higher, at a new one-month high at 1.1189. If the pressure on the EUR/USD pair returns, and this happens only on condition of negative Brexit news from the British Parliament, a return to the level of 1.1123 will increase the pressure on the pair, which will lead to an update of the minimum of 1.1090, where I recommend taking the profit today.

Indicator signals:

Moving Averages

Trading is above the 30 and 50 moving averages, which indicates the continuation of the bullish market.

Bollinger Bands

A breakthrough of the upper border of the indicator in the area of 1.1130 provided the market with new buyers.

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