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To open long positions on EURUSD, you need:
Today, it is Easter Monday in many countries in the eurozone, and the markets will be closed again. Buyers of the euro are best to wait for the support update in the area of 1.1227, where the formation of a false breakdown will allow you to count on a rebound from this range and return to the upper border of the channel 1.1250. In the case of the EUR/USD growth scenario in the first half of the day, the only consolidation above the level of 1.1250 will be a signal to open long positions, the main purpose of which will be the large resistance of 1.1269, where I recommend fixing the profits.
To open short positions on EURUSD, you need:
Volatility is going to be very low. The formation of a false breakout in the first half of the day at 1.1250, with a rebound from the 50 days moving average, will be a direct signal to open short positions in EUR/USD, the main goal of which will be to update the minimum in the area of 1.1227, as well as to update the support of 1.1207, where I recommend fixing the profit. With the growth scenario above 1.1250, you can safely return to short positions to rebound from a maximum of 1.1269.
Indicator signals:
Moving Averages
Trading is below 30 and 50 moving averages, which indicates the bearish nature of the market.
Bollinger bands
The volatility of the Bollinger Bands indicator is very low, which does not give signals to enter the market.
Description of indicators
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