EUR/USD
To open a long position for EURUSD, you need:
Buying the euro today is recommended after it consolidated at 1.1582 which will open up new horizons in the area of resistance at 1.1558 and 1.1591. It is recommended to take profits on long positions here. In the case of a downward correction, as was the case yesterday for example, it is best to return to buying the euro at the support level of 1.1502 when there is a false breakdown or at the level of immediate rebound from 1.1471.
To open short positions for EURUSD, you need:
While the pair is below 1.1528, there is a real possibility of a downward correction of the euro to the support level of 1.1502 or to an even larger support level of 1.1471. It is recommended to take profit on short positions here. In case of a false breakdown after updating today's high and returning to the level of 1.1528, you can expect to see sales. In another version, it's best to return to selling after updating the resistance to 1.1558 or rebounding from 1.1591.
GBP / USD
To open long positions for GBPUSD, you need:
The upward trend in the pound will depend entirely on inflation data.
To open short positions for GBPUSD, you need:
Securing the pound below 1.3074 would be a good signal to increase short positions and return to the support level of 1.3034 and 1.3003.
Fears 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
