EUR / USD
To open long positions for EURUSD, you need:
Consolidation above 1.1349 provided the market with another bullish momentum, which coincided with my morning forecast. Now the buyer is trying to gain a foothold above 1.1377, which will lead to the continuation of the rising trend in the euro at the resistance area of 1.1412 , which I recommend to lock in profits. In case the euro returns to under the level of 1.1377 in the afternoon, I recommend to hold back the purchase for a rebound from a support of 1.1349, which in the morning acted as a resistance.
To open short positions for EURUSD, it is required:
Sellers can declare themselves after the update and return of the pair to a level of 1.1412 or strengthen its presence after consolidation under the support area of 1.1377, which will lead to the formation of a downward wave in the euro in a support area of 1.1349. In case of a larger euro rise above 1.1412, I recommend that sales be postponed to a new weekly high of 1.1464.
GBP / USD
To open long positions for GBPUSD it is required:
Buyers of the pound declared themselves after an unsuccessful attempt to reduce the level of 1.295, which coincided with my morning forecast. Growth in the area of 1.2988 took place, however, unfortunately, to test this area there are not enough pairs of points. At the moment, to buy the British pound, I recommend only a consolidation above the intermediate resistance of 1.2963 with a further target of growth towards the level of 1.3019, where i recommend to record profits. If the pound is reduced to the support area of 1.2925, as it was in the morning, I recommend that purchases be postponed until the weekly minimum is renewed in the area of 1.2890 or a rebound from 1.2868.
To open short positions for GBPUSD it requires:
While the pound is below 1.2963, we can expect its further decline to a level of 1.2925. For the additional selling of the pound, I recommend that only do so today when the area of 1.2890 and 1.2868 has been reduced after a consolidation below 1.295. If the pound is above 1.2963, it's best to wait for a resistance of 1.3019 to update and sell GBPUSD in this range.
Indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: a fast EMA 12, Slow EMA 26, SMA 9
- Bollinger Bands 20
