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To open long positions on EURUSD you need:
Yesterday, buyers coped with the task and consolidated above the level of 1.1174, to which I paid attention in my review. At the moment, the goal is a resistance of 1.1203, but everything will depend on the eurozone data that will be released today in the morning. A breakthrough and consolidation above 1.1203 will be a direct signal to buy the euro in order to update highs in the area of 1.1233 and 1.1262, where I recommend taking profits. In case the EUR/USD returns to the area below the resistance level of 1.1174, against the background of weak fundamental data, it is best to rely on new purchases after updating the low of 1.1144 or to rebound from 1.1115.
To open short positions on EURUSD you need:
An unsuccessful attempt to consolidate at 1.1203, coupled with weak fundamental statistics, will be a direct signal to open short positions in the euro in order to decline and consolidate under the middle of the channel of 1.1174, a breakdown of which will lead EUR/USD to the support area of 1.1144 where I recommend that you take profits. With the euro's growth above the resistance of 1.1203 in the first half of the day, it is best to open short positions to rebound from a high of 1.1233.
Indicator signals:
Moving averages
Trade is conducted above 30 and 50 moving averages, which indicates the preservation of the upward correction at the end of the month.
Bollinger bands
The upper limit of the indicator in the area of 1.1203 limits the euro's upward potential. In the event of a decline, the lower limit of the indicator in the area of 1.1160 can provide temporary support, a breakthrough of which will lead to a larger sale.
Description of indicators
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