To open long positions on EURUSD, you need:

Weak data on the volume of retail sales in the eurozone did not lead to the formation of pressure on the euro, as it fully coincided with the forecasts of economists, which in the short term retained the bullish momentum formed yesterday. At the moment, the bulls need to protect the level of 1.1010, which is now a support. The formation of a false breakdown on it will be an additional signal to open long positions in the expectation of updating the maximum in the area of 1.1048, where I recommend fixing profits. If the bulls miss the support of 1.1010, then consider new long position after a test of the minimum of 1.0982. The Fed's statements in the afternoon may have a negative impact on the US dollar, due to the expectation of further cuts in US interest rates.

To open short positions on EURUSD, you need:

Sellers are not in a hurry to return to the market, and only a decrease in EUR/USD at the level of 1.1010 will increase the pressure on the pair and lead to an update of 1.0982, where I recommend fixing the profits. Important fundamental data are not expected to be released in the afternoon, so all the emphasis will be placed on the speeches of representatives of the Federal Reserve System. If the pair continues its strengthening along the trend, it is best to sell immediately on the rebound after the update of the maximum of 1.1048.

Signals of indicators:

Moving Averages

Trading is above 30 and 50 moving averages, indicating a bullish market.

Bollinger Bands

In the case of a decline in the euro, the average border of the indicator around 1.0982 will limit the downward potential.

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