EUR/USD
To open long positions for EUR/USD, it is required:
For the buyers today, the main task is to keep a large support level of 1.1634 or to form a false breakdown, which will lead to the renewal of demand for the euro in the first half of the day. The return and consolidation to 1.1667, which will lead to the growth of long positions in the euro with a view to further recovery to 1.1708 and 1.1753, where I recommend fixing the profit. In the case of breakthrough to the level of 1.1634, I recommend to go back to purchases only after updating to 1.1602. To open long positions on the euro immediately on the rebound is best around the level of 1.1564.
To open short positions for EUR/USD, it is required:
Sellers will try to prevent growth above 1.1667, and will also struggle to consolidate below 1.1634, which will lead to a deeper downward correction to the area of 1.1602 and to update to 1.1564, where I recommend leaving short positions. If the euro rises above 1.1667, it is best to postpone sales to upgrade to 1.1708, or sell immediately for a rebound of 1.1753.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers of the pound will expect to hold the pair above the level of 1.3014, and also to form a false breakdown in this range, which will lead to a return to the market of large players putting on the future growth of the pound. The return and consolidation above 1.3045, which can occur after the release of good inflation data, will open the possibility for a further upward trend in the British pound with an update of 1.3080 and 1.3121, where I recommend fixing the profit. In case of a pound drop in the morning, it's best to wait for a false breakdown in the support area of 1.2991, or to look at purchases immediately for a rebound from 1.2963.
To open short positions for GBPUSD, it is required:
Pound sellers will try to consolidate below 1.3014 today, as the breakthrough of this area will lead to a larger downward correction to the support area of 1.2991 and 1.2963. Weak inflation data will breakdown the pound to a key weekly target of 1.2937. If the pound is rising after inflation data above 1.3045, I recommend that you postpone selling until an upgrade to 1.3080, or sell immediately for a rebound from the level of 1.3121.
Indicators:
- MA (medium sliding) 50 days - yellow
- MA (medium sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
