To open long positions on EURUSD, you need:

Data on German producer prices pleased traders in the first half of the day, which led to a slight increase in the pair, but further strengthening depends on the situation with Brexit. From a technical point of view, the overall picture in the pair remained the same. To continue the growth of the euro, it is necessary to hold the level of 1.1151, as well as the formation of a false breakdown on it, which will update the highs in the area of 1.1189 and 1.1226, where I recommend taking the profits. However, without good news on Brexit, it is unlikely to succeed. Another failed attempt by Johnson to advance his agreement could put pressure on the pair. Therefore, in the scenario of a decline under the level of 1.1151 in the second half of the day, you can count on buying from the minimum of 1.11123, as well as a rebound from the larger support of 1.1090.

To open short positions on EURUSD, you need:

The main task of the bears today will be the return of the pair under the support level of 1.1151, which was not done in the first half of the day. Only this will increase the pressure on the euro and lead to lows in the area of 1.123 and 1.1090, where I recommend taking the profits. However, all this can be expected only after the news of another failure of Boris Johnson, or the failure of the vote on the agreement. The divergence, which I paid attention to in my morning review, has worked itself out, and as long as the trade is below the resistance of 1.1189, there is a possibility of a larger bearish correction. In the scenario of EUR/USD growth above this level, it is possible to sell immediately on the rebound from the maximum of 1.1226.

Indicator signals:

Moving Averages

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

Bollinger Bands

The breakthrough of the lower border of the indicator in the area of 1.1151 will provide the market with new sellers of the euro.

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