To open long positions on EURUSD you need:
The situation has not changed in comparison with the morning forecast. After an unsuccessful Friday attempt to continue strengthening the US dollar, amid a good report on US GDP, euro buyers returned to the level of 1.1144, and as long as trade is conducted above this range, demand will remain. The formation of a false breakdown in this range will be a signal to buy EUR / USD in order to break through and consolidate above the important resistance of 1.1177, which will open a direct path to a maximum of 1.1208 and 1.1237, where I recommend taking profits. When the decline scenario is below the level of 1.1144, long positions can be returned to the rebound from 1.1115.
To open short positions on EURUSD you need:
An unsuccessful attempt to consolidate at the level of 1.1177 will be a signal to open short positions in the euro with the aim of reducing and fixing at a minimum of 1.1144, a breakdown of which will lead EUR / USD to the support area 1.1115, where I recommend taking profits. With the growth of the euro above 1.1177 resistance, and this can happen only after weak data on income and expenditures of Americans, it is best to open short positions to rebound from a maximum of 1.1208.
More in the video forecast for April 29
Indicator signals:
Moving averages
Trade is conducted in the region of 30 and 50 moving averages, which indicates the likely completion of a downward trend.
Bollinger bands
Volatility is low, which does not give signals to enter the market.
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
