EUR/USD: plan for the US session on February 10. The minimum volatility of the euro. The target of the bears is the support of 1.0943

To open long positions on EURUSD, you need:

From a technical point of view, nothing changed in the first half of the day, and the surge in volatility after Friday's data on the US labor market completely disappeared, which leaves the pair in a narrow side channel. The task of buyers is to form a false breakdown in the area of 1.0943, which will be a signal to open long positions, but the more important goal is to break through and consolidate above the resistance of 1.0975. Only such a scenario will allow you to see a new major upward correction in the area of the highs of 1.1002 and 1.1022, where I recommend fixing the profits. If we test the level of 1.0943 in the second half of the day without volume, it will probably break through. In this case, it is best to postpone new long positions until the test of a larger minimum of 1.0905. Given the absence of important fundamental statistics and only the speeches of the Fed representatives, we can assume that volatility will remain low even after a false breakdown of the support of 1.0943.

To open short positions on EURUSD, you need:

The sharp drop in industrial output in Italy was not a surprise, but even against this background, the bears failed to test the support of 1.0943, which indicates a cautious approach of players to the market. The movement will likely begin at the US session during the speech of the Fed representatives. However, the best option today for sales in the second half of the day will be the formation of a false breakdown in the resistance area of 1.0975, which will be the first signal to open short positions with the main goal of returning to the minimum of 1.0943, on which the further downward movement depends. A breakout and consolidation under this range will quickly push EUR/USD down to the lows of 1.0905 and 1.0887, where I recommend fixing the profit. If there is no activity on the part of sellers in the resistance area of 1.0975, then it is best to return to short positions on the rebound from the maximum of 1.1002.

Signals of indicators:

Moving averages

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

Bollinger Bands

A break of the lower border of the indicator in the area of 1.0943 will lead to a new downward wave, and a break of the upper border in the area of 1.0955 may lead to a strengthening of the euro.

Description of indicators