EUR / USD
To open a long position on EUR / USD, it is required:
Today is the second day of Janet Yellen's appearance. In the case of a retest at 1.1430, the purchase of euro is recommended only after a failed consolidation return to this level.
To open short position on EUR / USD, it is required:
Selling again of euro is recommend after consolidation at 1.1430 level, which opens a direct route towards the support area of 1.1396 with an update of the new weekly low of 1.1349.
GBP / USD
To open a long position on GBP / USD, it is required:
Buying of the pound is recommended only after a downward correction to the support area at 1.2917 with the formation of a false breakdown and a surge in volume or after fixing at 1.2960.
To open a short position on GBP / USD, it is required:
Sellers can return to the market only after a failed consolidation and return to the 1.2960 level or after an increase towards a massive resistance at 1.2975.
Fears in 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
