To open long positions on EURUSD, you need:

Yesterday's scenario of breaking the resistance of 1.092 fully worked. Now, the euro buyers are focused on the maximum of the week in the area of 1.1114 and the breakdown of which will provide the pair with new upward momentum in the area of 1.133 and 1.1155, where I recommend taking the profits. However, we can expect such growth only after the release of a weak report on the state of the American labor market. In the scenario of a downward correction, it is best to return to long positions on a false breakout from the middle of the channel of 1.1092 or buy on a rebound from its lower border of 1.1067.

To open short positions on EURUSD, you need:

Sellers of the euro will wait for a good report on the US labor market and act on a false breakout from the week's high of 1.1114. In the absence of pressure on the euro in this range, I recommend postponing short positions to update the maximum of 1.1131 or sell immediately on the rebound from 1.1155. The more important task of the bears will be the return of the pair under the middle of the channel of 1.092 and the update of the minimum of 1.1067, where I recommend fixing the profit.

Indicator signals:

Moving Averages

Trading is above the 30 and 50 moving averages, which keeps the hope of euro growth in the short term.

Bollinger Bands

Volatility is very low before important data, which does not give signals to enter the market.

Description of indicators

• Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 50. The graph is marked in yellow.
• Moving average (moving average determines the current trend by smoothing out volatility and noise). Period 30. The graph is marked in green.
• MACD indicator (Moving Average Convergence / Divergence - Moving Average Convergence / Divergence). Fast EMA period 12. Slow EMA period 26. SMA period 9.
• Bollinger Bands (Bollinger Bands). Period 20.