To open long positions on EURUSD, you need:

Buyers have reached the resistance of 1.1392 and are now trying to gain a foothold on it, but whether the upward trend will continue above this level is a big question. Now, the bulls need to close the day above this range, and then we can expect further growth of EUR/USD to the highs in the area of 1.1427 and 1.1460, where I recommend taking the profit. In the scenario of returning to the support of 1.1392 in the second half of the day, you can look at long positions on a false breakout near the minimum of 1.136 or on a rebound from the support of 1.1338.

To open short positions on EURUSD, you need:

The big bears are on the sidelines. However, speculative sellers of the European currency will try to do everything to keep the bulls above the resistance of 1.1392, and the next false breakout and return to this level will be a signal to open short positions in the euro with the main purpose of the decline and the support test of 1.1366, where I recommend taking the profit. If the bulls find themselves and continue the growth of the EUR/USD, it is best to consider short positions on a rebound from the maximum of 1.1427.

Indicator signals:

Moving Averages

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

Bollinger Bands

If the euro falls, support will be provided by the lower limit of the indicator in the area of 1.1366.

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