To open long positions on EURUSD, you need:

The euro fell to the low of 1.0955, which I drew attention to in my morning forecast after it became known that the European Central Bank left the refinancing rate unchanged, lowering only the deposit rate. It was also announced the launch of the asset buyback program from November this year. Today, buyers can only hope to hold the support level of 1.0955, but more interesting levels for opening long positions are still in the area of 1.0927 and 1.0900. A return to the resistance of 1.0990 will also help the bulls to return to the level of 1.1020, where I recommend taking the profit.

To open short positions on EURUSD, you need:

Sellers will seek to break through the support level of 1.0955 as soon as possible, which can happen already during the press conference of the President of the European Central Bank Mario Draghi, who will signal a tendency to a soft monetary policy. In this scenario, the bears will expect to update the lows of this month in the area of 1.0927 and 1.0900, where I recommend fixing the profit. If the demand for the euro returns, for example, after a very weak report on the growth of inflation in the US, it is best to consider new short positions after a false breakdown in the resistance area of 1.0989 or sell EUR/USD immediately for a rebound from the maximum of 1.1020.

Signals of indicators:

Moving Averages

Trading is below 30 and 50 moving averages, which indicates the formation of a bearish market after the news.

Bollinger Bands

In the case of euro growth in the second half of the day, it is best to count on short positions when forming a false breakdown near the upper limit of the indicator 1.1035.

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