EUR/USD: plan for the US session on April 17. Euro buyers continue to protect the support of 1.0814

To open long positions on EURUSD, you need:

Even in my morning forecast, I paid special attention to the levels of 1.0857 and 1.0814. A breakout of 1.0857 with consolidation below this range was a good signal to open short positions in the euro, which quickly pushed the pair to a minimum of 1.0814, from which I recommended opening long positions immediately for a rebound. As a result, both signals were quite profitable. All inputs can be studied on a 5-minute chart. In the second half of the day, buyers will try to regain the level of 1.0857, the breakout of which will provide the euro with a more powerful upward impulse to the area of the maximum of 1.0905, where I recommend fixing the profits. In the scenario of a decline in EUR/USD back to the support of 1.0814, it will be possible to count on this range only after forming a false breakout on it. I recommend opening long positions immediately for a rebound only from a minimum of 1.0770.

To open short positions on EURUSD, you need:

Sellers coped with the morning task perfectly and returned to the level of 1.0857, which now needs to be protected. Quite a passable report on inflation in the Eurozone did not allow the bears to break even the second time below the area of 1.0814. In the second half of day, all attention will again be on the resistance of 1.0857, where the formation of a false breakout will be a signal to open short positions in the calculation of the third support test of 1.0814 and its breakdown, which will increase pressure to pass and will update the April lows around 1.0770, where I recommend taking the profit. In the scenario of EUR/USD growth above the resistance of 1.0857, it is best to return to short positions on the rebound from the maximum of 1.0905.

Signals of indicators:

Moving averages

Trading is conducted below the 30 and 50 daily moving averages, which indicates the advantage of sellers.

Note: The period and prices of moving averages are considered by the author on the hourly chart H1 and differ from the general definition of the classic daily moving averages on the daily chart D1.

Bollinger Bands

In the case of an upward correction of the euro in the second half of the day, short positions can be returned to the rebound from the upper border of the indicator in the area of 1.0870. A break of the lower border in the area of 1.0814 will return pressure on the European currency.

Description of indicators