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

The demand for risky assets may slow down again since the APEC summit did not produce the desired results in the negotiations between the US and China on trade relations. Traders should pay attention to the purchases when the support area of 1.1380 decreases and a false breakdown is formed at this level. Otherwise, it is best to open long positions for a rebound from the minimum of 1.1329, where a larger lower boundary of the ascending channel will be formed. The main task of the euro buyers today will be the breakdown and consolidation above the resistance 1.1430, which will lead to testing of 1.1356 and 1.1485 highs, where I recommend taking profits.

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

Indicator signals:

Moving averages

Trade is conducted above the 30- and 50-day moving average, which maintains the upward trend in the pair.

Bollinger bands

The upper limit of the Bollinger Bands indicator located in the area of 1.1435 can limit the upward potential in euros and when tested, I recommend selling the euro for a rebound. In the case of a decline in the euro, the lower limit of the indicator in the 1.1370 area will be a good level for purchases.

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