To open long positions on EURUSD you need:
The Fed's statements from yesterday led to a weakening of the US dollar. At the moment, euro buyers need a breakout and consolidation above the resistance of 1.1280, which will continue the upward impulse and lead to the renewal of highs around 1.1311 and 1.1364, where I recommend taking profits. In case the euro declines in the first half of the day, long positions can be seen from a support of 1.1243 or rebound from a large low of 1.1212. The main movement will depend on US inflation data.
To open short positions on EURUSD you need:
Euro sellers can count on a false breakdown of resistance at 1.1280, which will lead to a downward correction in the pair and the intermediate support test of 1.1243, from which growth has continued this morning. However, only a breakthrough of 1.1243 with good inflation data in the US could provide the necessary pressure on EUR/USD and a return to lows of 1.1212 and 1.1182, where I recommend taking profits. With the growth scenario for the trend, you can sell the euro on a rebound from highs of 1.1311 and 1.1338.
Indicator signals:
Moving averages
Trading is conducted above 30 and 50 moving averages, which indicates a trend change.
Bollinger bands
If the euro falls, support will be provided by the lower limit of the indicator in the region of 1.1230.
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