Obchodní podmínky
Nástroje
To open long positions on EURUSD you need:
Yesterday I paid attention to the fact that the euro's fall will be limited in the support area of 1.0925, which was the low of this month, which, in general, happened. The decision to leave the key rate unchanged forced traders to switch to lower interest rates in the US, which is expected next week, which returned demand for the euro. At the moment, the bulls need a breakdown of last week's high in the region of 1.1082, which will lead to the continuation of yesterday's bullish growth and update of new levels 1.1115 and 1.1151, where I recommend taking profit. However, today the Eurogroup meeting will take place, which may limit the upward potential. In the scenario of a downward correction of EUR/USD in the morning, it is best to return to long positions on a false breakdown in the region of 1.1053, or on a rebound from a low of 1.1020.
To open short positions on EURUSD you need:
Today, sellers will be waiting for signals on the US economy, namely a report on retail sales, which may shed light on a possible interest rate cut in the United States next week. If it comes out good enough, it will limit the upward potential of the euro and return demand for the US dollar. The formation of a false breakdown in the resistance area of 1.1082 in the morning will be a signal to open short positions, however, it is best to sell the euro immediately for a rebound after updating the highs of 1.1115 and 1.1151. The main task of sellers will be to return and consolidate under the support of 1.1053, which will lead to a larger downward correction to the area of 1.1020, where I recommend taking profits.
Signals of indicators:
Moving averages
Trade is conducted above 30 and 50 moving averages, which indicates the bullish nature of the market after yesterday's data from the ECB.
Bollinger bands
In case the euro decreases in the morning, the average boundary of the indicator in the region of 1.1053 may act as support, but it is best to buy the euro for a rebound from the lower border in the region of 1.0989. The upward trend may be limited by the upper level of the indicator in the area of 1.1120.
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
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