To open long positions on EUR / USD pair, you need:

The euro remains under pressure and buyers are not in a hurry to return to the market amid weak statistics on the balance of foreign trade balance in the eurozone. The technical picture has not changed. Euro buyers still need a breakthrough and consolidation above the middle of the side channel at 1.1299, which will lead to an increase in long positions with the update of the upper limit of 1.1339, where I recommend taking profits. The main target will be a maximum of 1.1388. Larger growth will occur in the event that data on the US will again disappoint investors, same as yesterday. In the case of EUR / USD decline in the second half of the day, it is best to return to long positions on a false breakdown around 1.1260 or on a rebound from the new monthly minimum of 1.1215.

To open short positions on EUR / USD pair, you need:

Bears can return to the market after the formation of a false breakdown in the area of resistance at 1.1299. In the afternoon, the main task will be a breakthrough of support at 1.1260, below which a large sale will lead to testing of 1.1215 minimum and 1.1180, where I recommend fixing profits. Vendors may get some support after strong data on the American economy but there are some doubts that the reports will be better than expected. In the case of EUR / USD growth above the resistance of 1.1299, I recommend returning in short positions on a rebound from the maximum of 1.1339.

More in the video forecast for February 15

Indicator signals:

Moving averages

Trade is conducted in the area of 30- and 50-medium moving, which indicates the possible formation of the lateral nature of the market.

Bollinger bands

The volatility of the Bollinger Bands indicator 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